WEBVTT - Part Two: H.L. Hunt: The First Elon Musk

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<v Speaker 1>Cool Zone Media.

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<v Speaker 2>Oh, welcome back to Behind the Bastards, a podcast about

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<v Speaker 2>the worst people in all of history. And this week

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<v Speaker 2>we are about to start part two of our episodes

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<v Speaker 2>on the former richest man in the world, H. L. Hunt.

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<v Speaker 2>And when we left him off, his dad and his

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<v Speaker 2>beloved older brother had just died. He had been saved

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<v Speaker 2>by a magical prostitute after proving supernaturally good at sex.

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<v Speaker 2>And he's in Arkansas starting a farm, you know, using

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<v Speaker 2>the money he'd inherited and the money he'd taken from

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<v Speaker 2>fleecing all of his friends at poker. He is going

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<v Speaker 2>to try to make something of himself. So by the

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<v Speaker 2>start of nineteen twelve, our boy, Haroldson Lafayette Hunt, had

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<v Speaker 2>opened his very own cotton plantation. Again, this is probably

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<v Speaker 2>inspired by the fact that his father had kind of

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<v Speaker 2>talked endlessly about how beautiful the South was and how

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<v Speaker 2>great cotton farming was. Unfortunately, he's going to learn a lesson,

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<v Speaker 2>which is that cotton farming sucks ass, and it's really

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<v Speaker 2>hard to like get rich doing unless you own a

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<v Speaker 2>bunch of people who you can make work for you

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<v Speaker 2>for free.

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<v Speaker 3>Right, History talking about lesson very.

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<v Speaker 2>Clearly, they're like, yes, yes, when you have to like

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<v Speaker 2>do your own work and pay people to help you

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<v Speaker 2>sucks way harder, way harder. And he's going to learn

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<v Speaker 2>that over the next few years. Right. He's also going

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<v Speaker 2>to learn that the cotton market itself is incredibly volatile, right,

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<v Speaker 2>and so from year to year, your harvest might not

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<v Speaker 2>be worth what you put in to make it. And

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<v Speaker 2>also like bad weather can fuck you, you know, if you

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<v Speaker 2>don't have enough of a nest egg to survive it. Right,

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<v Speaker 2>It's just a very hard lifestyle. And this is where

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<v Speaker 2>the fact that he starts, he starts farming and immediately learns,

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<v Speaker 2>oh shit, it's really hard to make money cotton farming.

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<v Speaker 2>This is going to show evidence of one of his

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<v Speaker 2>most valuable traits, right, which is that he is not

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<v Speaker 2>dissuaded by failure. A couple of times in his life

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<v Speaker 2>he's gonna lose everything, like three different times he loses

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<v Speaker 2>everything and like makes it back, you know, to ultimately

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<v Speaker 2>get crazy rich. And if I were writing a linked

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<v Speaker 2>in post to appeal to a bunch of wannabe founders

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<v Speaker 2>and ceo boot liquors, itight in there, right, Hunt you know,

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<v Speaker 2>bankrupted himself three times and he you know, never let it.

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<v Speaker 2>Never never let it, you know, convince him to stop.

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<v Speaker 2>He never backed down. He just grut right back on

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<v Speaker 2>the horse and made the money up again. You know,

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<v Speaker 2>President right, right. It is true that like confidence in

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<v Speaker 2>the face of failure is important, you're certainly not going

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<v Speaker 2>to make it as an entrepreneur unless you can't. You

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<v Speaker 2>can handle some failure. But it's a separate characteristic of

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<v Speaker 2>Hunts that's going to contribute a lot more to his

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<v Speaker 2>future's success than the fact that he's fine with failure.

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<v Speaker 2>The thing that actually keeps him going through all these failures,

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<v Speaker 2>and particularly through the failure of his cotton business, is

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<v Speaker 2>that he also owns a casino. Right, that's all they

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<v Speaker 2>want to do with it. Then the attitude, I mean

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<v Speaker 2>casino is putting it a little far. It's not like

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<v Speaker 2>a full on Vegas casino. Obviously those don't exist yet.

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<v Speaker 2>But he owns a gambling din right. An article that

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<v Speaker 2>Anito Davis wrote for EBSCO notes that Hunt opens a

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<v Speaker 2>gambling parlor right alongside his cotton plantation. He starts them

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<v Speaker 2>both basically at the same time, and while the plantation

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<v Speaker 2>doesn't really work out financially, the gambling. Din is a

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<v Speaker 2>good investor, right.

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<v Speaker 3>It's like, you know what slavery does, suck, Let's get.

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<v Speaker 2>Gambling gambling though nothing problematic about that. Baby put it

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<v Speaker 2>all on red. So one constant of Hunt's early life

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<v Speaker 2>is that when he suffers a reverse and like loses

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<v Speaker 2>all of his money, he's able to It's weird because

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<v Speaker 2>before I learned this, I would just be like okay,

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<v Speaker 2>but he lost all his money. How does he a

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<v Speaker 2>year later have like eight thousand dollars to invest in

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<v Speaker 2>this new business. Well, it's because he keeps gambling, and

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<v Speaker 2>whenever he runs out of money, he just gambles until

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<v Speaker 2>he makes more money because he's like it's a superpower

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<v Speaker 2>for him. Like he just as far as I can tell,

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<v Speaker 2>anytime the man sits down at a table, he walks

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<v Speaker 2>away with money, right, And if you have that, it's

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<v Speaker 2>like fucking Lieutenant Commander Data, right, Like he's just gonna

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<v Speaker 2>win when he sits down to play cards. So every

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<v Speaker 2>time he goes bankrupt, he gets his money back because

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<v Speaker 2>he's like a gambling freak. Right. In nineteen fourteen, he

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<v Speaker 2>marries Lyda Bunker, and the newlyweds get to work, having

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<v Speaker 2>the first of what will ultimately be six children. Their

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<v Speaker 2>first child is a girl, Margaret. They have her in

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<v Speaker 2>nineteen fifteen, and two years later they have their first boy,

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<v Speaker 2>who he names Haroldson Lafayette Hunt. Technically he's the third right.

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<v Speaker 2>Lida calls him Hassie. She also calls her husband Hassie.

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<v Speaker 2>So it's kind of confusing in the book at this

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<v Speaker 2>point because you'll hear the tow Sill will refer to

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<v Speaker 2>both of them as Hassie. I'm only going to call

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<v Speaker 2>his son Hassie. When I say Hassie, I'm talking about

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<v Speaker 2>our Harold Hunt, the future richest man, the world's kid.

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<v Speaker 2>Now he is going to cheat constantly on his wife.

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<v Speaker 2>He is cheating on Lida as early as nineteen seventeen,

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<v Speaker 2>probably earlier than that, but at least by that point,

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<v Speaker 2>and he is not subtle about it. So Lda has

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<v Speaker 2>to deal with hearing endlessly about like, oh, your husband

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<v Speaker 2>sure has an eye for the ladies, huh, which she

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<v Speaker 2>does not like, does not make her feel good. His

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<v Speaker 2>tell is like the way that she can tell he's

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<v Speaker 2>cheating on her is he'll point out a lady in

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<v Speaker 2>town to be like, you know, she's a really good

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<v Speaker 2>person and that means lighta is like, okay, so he's

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<v Speaker 2>sucking her or he's going to try to fuck her. Right,

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<v Speaker 2>sometimes it just means that he's at the house or

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<v Speaker 2>somebody right right right.

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<v Speaker 3>It really shines through you know, what a.

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<v Speaker 2>Great personality she's got me just like casually bringing it

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<v Speaker 2>up to your wife and yeah, it's one of those

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<v Speaker 2>things where like she's never're okay with it. She kind of,

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<v Speaker 2>I think accepts it just because the world is the

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<v Speaker 2>way it is. She doesn't have any there's nothing she

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<v Speaker 2>can not much she can do about it, right, but

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<v Speaker 2>it makes her sad. And also his kids can tell

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<v Speaker 2>that he's cheating on their mom and they don't like it.

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<v Speaker 2>Like his first two kids especially are going to really

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<v Speaker 2>hate him for the fact that he is just he

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<v Speaker 2>makes their mother miserable. He treats her so badly. I

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<v Speaker 2>really I cannot exaggerate what a bad husband he is.

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<v Speaker 2>Hunt suffers ups and downs over the first three years

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<v Speaker 2>he spends farming, but World War done, World War one

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<v Speaker 2>finally does. His cotton plantation in the cotton market collapses

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<v Speaker 2>kind of not long after the outbreak of war, and

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<v Speaker 2>then in nineteen seventeen, his farm gets flooded out, and

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<v Speaker 2>just kind of the mix of these two factors together,

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<v Speaker 2>he can't keep it going anymore. He has to give

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<v Speaker 2>up somehow. He goes from this from his you know,

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<v Speaker 2>going bankrupt and his farm failing in nineteen seventeen to

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<v Speaker 2>investing in his first oil well in nineteen twenty one.

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<v Speaker 2>And there's a little bit of mystery as to how

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<v Speaker 2>he gets his first oil well. Here's how that pro

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<v Speaker 2>oil and gas industry website Oklahoma Minerals describes this part

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<v Speaker 2>of his career. So this is like the this is

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<v Speaker 2>like the this is the approved propaganda line that Hunt

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<v Speaker 2>wanted people to believe. With a borrowed fifty dollars, he

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<v Speaker 2>began trading oil leases, employing a strategy of buying and

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<v Speaker 2>selling that almost simultaneously to profit without significant capital investment.

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<v Speaker 2>This approach allowed him to amass considerable wealth in a

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<v Speaker 2>short period. Right, So basically he's just doing the kind

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<v Speaker 2>of trading people do on computers now, but with his

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<v Speaker 2>super smart brain, and he doesn't need much money. It's

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<v Speaker 2>just a borrowed fifty dollars, you know. He's able to

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<v Speaker 2>turn that gradually into enough of a fortune to start

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<v Speaker 2>buying his own oil fields. That's not quite accurate. That is, like,

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<v Speaker 2>it accurately describes one of his strategies, which is that

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<v Speaker 2>once he gets going, after he has this first successful

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<v Speaker 2>oil field, he'll start buying and selling leases. And he

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<v Speaker 2>is doing this thing where he's like doing it in

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<v Speaker 2>such a way that he doesn't have to actually put

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<v Speaker 2>much money down, right, because he's just kind of switching

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<v Speaker 2>shuffling assets around. It's a little bit of like a

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<v Speaker 2>show game type deal. But this does leave out something

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<v Speaker 2>important about how he got his first oil well, and

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<v Speaker 2>to describe that, I'm going to go back to his

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<v Speaker 2>FBI report. From the FBI quote, he was reportedly a

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<v Speaker 2>professional gambler who won an oil lease in a card

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<v Speaker 2>game and is alleged to have operated prostitution activities in Arkansas.

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<v Speaker 2>So this is something you'll find first off, it's not

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<v Speaker 2>just a gambling den. He's also a pimp, right. That's

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<v Speaker 2>especially I think that he gets more into that as

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<v Speaker 2>the farm fails. He's like, well, crime will make money

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<v Speaker 2>for me, And he uses the proceeds of both gambling

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<v Speaker 2>and prostitution in order to make the money that he

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<v Speaker 2>invests in oil fields. And it's very possible. We don't

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<v Speaker 2>know entirely. If it's that he literally won his first

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<v Speaker 2>oil field in a card game, that was a rumor

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<v Speaker 2>and it seems very possible. But if he didn't win

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<v Speaker 2>his first oil field in a card game, then he

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<v Speaker 2>bought it with the proceeds from crime right, And I

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<v Speaker 2>think it's probably true. He probably won his first oil

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<v Speaker 2>field in a card game and then invested in other

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<v Speaker 2>leases and got into the trading leases game with money

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<v Speaker 2>he made from crime right. I think it's probably a

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<v Speaker 2>mix of those. But this guy has to become a

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<v Speaker 2>criminal to get rich, right, That's not emphasized enough in

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<v Speaker 2>the hagiographies of him. But like he's he's a he's

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<v Speaker 2>a pimp, you know.

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<v Speaker 3>So he's gonna do all of this and then end

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<v Speaker 3>up becoming like a.

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<v Speaker 2>Far right, super right, super right wing out the hypocrisy's

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<v Speaker 2>religious right guy. Initially, Yeah, he's it's very much a

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<v Speaker 2>hypocrisy thing. But like all these guys, Yeah, anyone whose

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<v Speaker 2>whole thing is like attacking and wanting to like harm people,

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<v Speaker 2>using the state for violations of a moral code is

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<v Speaker 2>always in violation of the moral code. They are trying

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<v Speaker 2>to push on other people. One way, or the other.

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<v Speaker 2>When you dig enough, you find it out right, that's

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<v Speaker 2>just as far as I am convinced a pretty universal

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<v Speaker 2>truth with these these kinds of assholes. I found an

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<v Speaker 2>article from the Nation from nineteen sixty four. The author

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<v Speaker 2>of that article claims the explanation that he gambled to

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<v Speaker 2>get his first oil field got into print for the

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<v Speaker 2>first time in nineteen fifty in a British newspaper, but

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<v Speaker 2>it has been repeated many times since. Hunt denies it all,

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<v Speaker 2>And I don't know what the truth is here. Whatever

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<v Speaker 2>the truth, Hunt is going to continue operating gambling establishments

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<v Speaker 2>for the next couple decades. He makes a fortune on

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<v Speaker 2>the Arkansas oil boom and is said to have been

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<v Speaker 2>worth six hundred thousand dollars by the time he's twenty five,

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<v Speaker 2>which you know, by the standards, like if you turn

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<v Speaker 2>that into modern money, he's a multimillionaire pretty much by

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<v Speaker 2>the time he's in his mid twenties. Now, he's going

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<v Speaker 2>to lose all of that money not long after this

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<v Speaker 2>bill make even more back. Right, He's not what you'd

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<v Speaker 2>call a good father at any point in time, especially

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<v Speaker 2>in this period.

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<v Speaker 3>I can imagine all that cheating.

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<v Speaker 2>Yeah, all the cheating. He gambles constantly instead of he

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<v Speaker 2>doesn't like spend time raising his kids. Like when he

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<v Speaker 2>has free time when he's not working on the farm,

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<v Speaker 2>he's gambling, right. And then when he eventually he's gambling

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<v Speaker 2>or he's speculating on leases oil field leases. Right, but

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<v Speaker 2>he never he never just has downtime with the kids.

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<v Speaker 2>He's always gambling. Right. During the early years before he

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<v Speaker 2>leaves Arkansas to pursue oil fields in Louisiana and then Texas,

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<v Speaker 2>his kids tell regular stories of him just being gone

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<v Speaker 2>all the time and like mom need to find someone

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<v Speaker 2>to watch them when she had to do something because

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<v Speaker 2>he's playing poker, right, And she hates him gambling. She

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<v Speaker 2>thinks that him gambling is the root of all of

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<v Speaker 2>their problems. Now, to be fair, she's not right, Like

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<v Speaker 2>she blames him gambling on them going bankrupt like two

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<v Speaker 2>or three times, and he goes bankrupt because of the

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<v Speaker 2>legitimate businesses, like first because of his farm, and then

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<v Speaker 2>I think like a couple of times as he's not

0:11:56.559 --> 0:11:59.160
<v Speaker 2>quite bankrupt, but he loses a lot of money on

0:11:59.200 --> 0:12:03.920
<v Speaker 2>like oilp gambling is a really reliable way for them

0:12:03.960 --> 0:12:06.920
<v Speaker 2>to make money or at least, I should say. The

0:12:07.120 --> 0:12:10.040
<v Speaker 2>card gambling is not what is bad for their finances.

0:12:10.080 --> 0:12:13.199
<v Speaker 2>His gambling on oil speculation fucks them over a couple

0:12:13.200 --> 0:12:14.360
<v Speaker 2>of times, right.

0:12:14.240 --> 0:12:16.680
<v Speaker 3>But his ego is fed by the gambling. And that's

0:12:16.720 --> 0:12:18.960
<v Speaker 3>the thing too, It's like that makes them reinforce it.

0:12:18.960 --> 0:12:21.319
<v Speaker 3>He's the most special and what makes it feel like, Yeah,

0:12:21.320 --> 0:12:23.040
<v Speaker 3>I can go out and sleep with whoever I want

0:12:23.080 --> 0:12:23.920
<v Speaker 3>to do whatever because I.

0:12:23.920 --> 0:12:25.200
<v Speaker 2>Can just exactly.

0:12:26.280 --> 0:12:26.600
<v Speaker 3>The rule.

0:12:27.760 --> 0:12:32.000
<v Speaker 2>Yeah pockets. Yeah, So he takes all of his money.

0:12:32.160 --> 0:12:33.800
<v Speaker 2>There's a couple of occasions where he'll just like take

0:12:33.840 --> 0:12:35.720
<v Speaker 2>all of the money and like leave his wife with

0:12:35.800 --> 0:12:39.600
<v Speaker 2>the kids nearly destitute for like a year, and just

0:12:39.760 --> 0:12:42.720
<v Speaker 2>go down to another state to speculate on oil fields.

0:12:43.240 --> 0:12:45.160
<v Speaker 2>So she does like, the kids don't like. This is

0:12:45.200 --> 0:12:46.720
<v Speaker 2>a scary time for the kids. They don't know if

0:12:46.720 --> 0:12:49.480
<v Speaker 2>he's ever coming back, and neither does she, right, and

0:12:49.520 --> 0:12:51.480
<v Speaker 2>he doesn't like I don't think he makes it clear

0:12:51.520 --> 0:12:53.440
<v Speaker 2>that he's coming back. I think he's like, I'm gonna

0:12:53.480 --> 0:12:55.440
<v Speaker 2>go see what I if I can make a fortune.

0:12:55.960 --> 0:12:58.080
<v Speaker 2>And he's kind of like, and if I die out

0:12:58.080 --> 0:13:00.600
<v Speaker 2>there or whatever and leave you guys destitute, well that's

0:13:00.600 --> 0:13:01.400
<v Speaker 2>how it goes.

0:13:01.480 --> 0:13:02.920
<v Speaker 3>You know, I've been doing this since I was twelve

0:13:03.000 --> 0:13:04.640
<v Speaker 3>years old. Guys, don't worry about.

0:13:04.520 --> 0:13:06.760
<v Speaker 2>Right, And like the time, by the time, he's worth

0:13:06.760 --> 0:13:08.840
<v Speaker 2>six hundred grand at twenty five, he could have like

0:13:08.960 --> 0:13:11.800
<v Speaker 2>retired and put all of that into you know, a

0:13:12.280 --> 0:13:16.000
<v Speaker 2>couple of safe investments or just you know, like fucking

0:13:16.840 --> 0:13:21.120
<v Speaker 2>bonds or whatever, and lived and supported his family comfortably

0:13:21.160 --> 0:13:23.280
<v Speaker 2>for the rest of their lives and like been a father.

0:13:23.480 --> 0:13:26.319
<v Speaker 2>He chooses to then gamble all of that money again

0:13:26.440 --> 0:13:29.120
<v Speaker 2>and leave his family. He does not need to. He

0:13:29.160 --> 0:13:31.720
<v Speaker 2>has a point where he's like, you could choose to

0:13:31.800 --> 0:13:34.320
<v Speaker 2>be a father and raise your kids and you would

0:13:34.360 --> 0:13:36.920
<v Speaker 2>all be wealthy for the rest of your lives. And

0:13:36.960 --> 0:13:39.480
<v Speaker 2>he takes all of that money and puts it all

0:13:39.520 --> 0:13:42.079
<v Speaker 2>on black and loses it and is gone for like

0:13:42.160 --> 0:13:44.480
<v Speaker 2>another year or so to make it back, right, Right,

0:13:44.600 --> 0:13:46.880
<v Speaker 2>So this is not good for his.

0:13:46.760 --> 0:13:49.320
<v Speaker 3>Family, and I'm sure he in the back of his money,

0:13:49.320 --> 0:13:53.240
<v Speaker 3>he's like, listen, I'm not bothering you guys. I'm not

0:13:53.320 --> 0:13:56.640
<v Speaker 3>harassing you about how much breast milk you guys are getting.

0:13:56.640 --> 0:13:58.040
<v Speaker 3>So why should he be upset?

0:13:58.160 --> 0:14:01.840
<v Speaker 2>Yeah, I'm giving you nobody wants their dad around. It

0:14:01.920 --> 0:14:09.160
<v Speaker 2>sucks da and yeah, like his wife blames all of

0:14:09.160 --> 0:14:11.960
<v Speaker 2>this again on like the poker, but he is she

0:14:12.080 --> 0:14:15.400
<v Speaker 2>is right that like his gambling is what's destroying the family.

0:14:15.440 --> 0:14:19.520
<v Speaker 2>It's just his gambling on oil wells is what's destroying

0:14:19.520 --> 0:14:22.280
<v Speaker 2>the family. Because he again, they go bankrupt a second

0:14:22.320 --> 0:14:24.480
<v Speaker 2>time in the twenties because of all this for the

0:14:24.480 --> 0:14:27.080
<v Speaker 2>book Kingdom, he gave no thought in the world to

0:14:27.120 --> 0:14:30.560
<v Speaker 2>security for his family. Right, that is accurate, And that's

0:14:30.600 --> 0:14:34.000
<v Speaker 2>also how his wife and his first couple of kids

0:14:34.200 --> 0:14:36.920
<v Speaker 2>see him. Right, is he does not give a fuck

0:14:36.960 --> 0:14:40.200
<v Speaker 2>about us. He is willing to gamble all like our

0:14:40.240 --> 0:14:45.520
<v Speaker 2>happiness and our survival entirely because it thrills him. When

0:14:45.520 --> 0:14:48.720
<v Speaker 2>his oldest son hassee turns eight, it's become a parent

0:14:49.000 --> 0:14:54.080
<v Speaker 2>that he has inherited his father's intellect. Hassie is incredibly bright. Unfortunately,

0:14:54.400 --> 0:14:56.720
<v Speaker 2>he's also the one who's most hurt by his father's

0:14:56.720 --> 0:15:00.840
<v Speaker 2>complete neglect to scene rights. Hassie felt personal rejected by

0:15:00.840 --> 0:15:03.040
<v Speaker 2>this strange man who entered his life only now and

0:15:03.080 --> 0:15:06.080
<v Speaker 2>then without warning. This man had named him after himself,

0:15:06.120 --> 0:15:09.160
<v Speaker 2>had given him his looks and quick intelligence, then apparently

0:15:09.200 --> 0:15:11.920
<v Speaker 2>decided his son was not quite up to snuff right,

0:15:12.520 --> 0:15:16.600
<v Speaker 2>So that's very much how Hassee sees what his dad

0:15:16.680 --> 0:15:20.160
<v Speaker 2>is doing is like he named me after himself. He

0:15:20.200 --> 0:15:22.080
<v Speaker 2>clearly wanted me to be his heir, and then I

0:15:22.200 --> 0:15:24.640
<v Speaker 2>must have failed him because he wants nothing to do

0:15:24.680 --> 0:15:24.880
<v Speaker 2>with me.

0:15:25.600 --> 0:15:29.920
<v Speaker 3>Ah, that's so sad. It's like he's he's just repeating

0:15:29.960 --> 0:15:32.480
<v Speaker 3>the exact same cycles of harm and like I'd like

0:15:33.000 --> 0:15:36.000
<v Speaker 3>psychologically it's interesting, but just as like a human being,

0:15:36.040 --> 0:15:38.040
<v Speaker 3>like you're a dick. Stop being a dick.

0:15:38.800 --> 0:15:41.600
<v Speaker 2>Yeah, don't stop. Don't do that to your kids again.

0:15:42.120 --> 0:15:44.680
<v Speaker 2>If you I kind of think if you wind up

0:15:44.680 --> 0:15:46.880
<v Speaker 2>getting lucky enough that you have like a windfall that

0:15:46.960 --> 0:15:49.680
<v Speaker 2>allows you to never work again and support your kids forever,

0:15:50.000 --> 0:15:51.720
<v Speaker 2>you kind of have a responsibility to like be a

0:15:51.760 --> 0:15:55.120
<v Speaker 2>really involved parent at that point and maybe stop gambling incessantly.

0:15:55.440 --> 0:15:58.160
<v Speaker 2>You know, you could start a business and like you know,

0:15:58.360 --> 0:16:01.840
<v Speaker 2>or you have some small investments, but that's the point

0:16:01.840 --> 0:16:04.440
<v Speaker 2>at which you should make your family a priority.

0:16:04.480 --> 0:16:04.760
<v Speaker 3>Again.

0:16:04.800 --> 0:16:07.560
<v Speaker 2>You've succeeded, you know, you don't need to keep doing this.

0:16:07.680 --> 0:16:09.880
<v Speaker 3>You have to choose a struggle like either be broken

0:16:10.080 --> 0:16:12.760
<v Speaker 3>present or be rich and nice, Like you can't be

0:16:12.880 --> 0:16:17.280
<v Speaker 3>both mean and then not present and then always messing.

0:16:17.000 --> 0:16:21.480
<v Speaker 2>With Buddy, like a big struggle. In nineteen twenty five,

0:16:21.560 --> 0:16:24.040
<v Speaker 2>he abandons his family yet again to speculate on oil

0:16:24.040 --> 0:16:26.400
<v Speaker 2>fields in Florida while he's down and want to I

0:16:26.440 --> 0:16:29.600
<v Speaker 2>want to specify it. That's Florida, the state, not flow Rda,

0:16:29.680 --> 0:16:33.080
<v Speaker 2>the musical sensation. Always there's confusion every week I talk

0:16:33.160 --> 0:16:33.680
<v Speaker 2>about those.

0:16:34.040 --> 0:16:35.440
<v Speaker 3>It's important to get these things right.

0:16:36.120 --> 0:16:37.960
<v Speaker 2>A lot of people know flow Rida but don't know

0:16:38.000 --> 0:16:40.000
<v Speaker 2>that there's a state that's named after him. I just

0:16:40.000 --> 0:16:43.960
<v Speaker 2>want to make that clear. So while he's down in Florida,

0:16:44.080 --> 0:16:47.120
<v Speaker 2>he meets a waitress, Franni a Tie, who helps him

0:16:47.120 --> 0:16:49.520
<v Speaker 2>find a plot of land to gamble on near Tampa.

0:16:49.680 --> 0:16:51.840
<v Speaker 2>It's like he thinks there might be oil, and I

0:16:51.840 --> 0:16:54.520
<v Speaker 2>think it winds up being there, winds up being oil there.

0:16:55.400 --> 0:16:58.120
<v Speaker 2>But he spends months down in Tampa, you know, searching

0:16:58.160 --> 0:17:02.200
<v Speaker 2>for more deals, working on that deal, and hanging out

0:17:02.240 --> 0:17:06.639
<v Speaker 2>a lot with Frannia Tie. With this waitress, right, she's

0:17:06.640 --> 0:17:09.600
<v Speaker 2>a wanna be musician. She's like a singer, And so

0:17:09.920 --> 0:17:13.600
<v Speaker 2>he gets really into writing musicals. He convinces himself that

0:17:13.720 --> 0:17:17.400
<v Speaker 2>like he's a great writer, and in fact that like, oh,

0:17:17.600 --> 0:17:20.520
<v Speaker 2>all these other writers all these professional writers are idiots, Like,

0:17:20.600 --> 0:17:22.720
<v Speaker 2>I bet because I'm so smart, I could be the

0:17:22.760 --> 0:17:25.840
<v Speaker 2>best playwright ever if I just devoted some time to it.

0:17:26.240 --> 0:17:28.840
<v Speaker 2>So he like becomes convinced he's going to be like

0:17:28.920 --> 0:17:31.840
<v Speaker 2>the biggest thing on Broadway. He like goes to a

0:17:31.880 --> 0:17:34.720
<v Speaker 2>show on Broadway once around this period of time, and

0:17:34.760 --> 0:17:36.840
<v Speaker 2>he's like, I'm going to make the best musical that's

0:17:36.840 --> 0:17:37.600
<v Speaker 2>ever been made.

0:17:37.720 --> 0:17:40.280
<v Speaker 3>Has he ever been to New York Like he's.

0:17:40.080 --> 0:17:42.200
<v Speaker 2>Been once, Yeah, he's been once. He saw he sees

0:17:42.200 --> 0:17:44.760
<v Speaker 2>a show on Broadway. That's what convinces him he's going

0:17:44.840 --> 0:17:47.040
<v Speaker 2>to be the greatest musician or the greatest playwright of

0:17:47.080 --> 0:17:49.920
<v Speaker 2>all time. And so for a while he gets really

0:17:49.960 --> 0:17:52.160
<v Speaker 2>into that, and he like writes a bunch of songs

0:17:52.240 --> 0:17:56.199
<v Speaker 2>that sounded terrible, and they're primarily songs for Frannia, right,

0:17:56.280 --> 0:18:00.159
<v Speaker 2>because he's in love with her at this point. He

0:18:00.200 --> 0:18:03.960
<v Speaker 2>marries her on Armises Day nineteen twenty five. Now, but

0:18:04.160 --> 0:18:08.440
<v Speaker 2>you may note he never divorced his first wife, nor

0:18:08.480 --> 0:18:10.800
<v Speaker 2>did he break up with her, nor did he tell

0:18:10.840 --> 0:18:14.000
<v Speaker 2>her that he was done. Frannia, by the way, does

0:18:14.040 --> 0:18:16.879
<v Speaker 2>not know she's that he's cheating. She has no idea

0:18:16.920 --> 0:18:19.080
<v Speaker 2>he has another wife. He does not tell her he

0:18:19.160 --> 0:18:22.720
<v Speaker 2>has a wife and multiple children. He's lying to her too,

0:18:22.800 --> 0:18:26.040
<v Speaker 2>She's not does not bear any responsibility here. She thinks

0:18:26.040 --> 0:18:28.520
<v Speaker 2>she's met a guy and fall in love with him,

0:18:28.520 --> 0:18:31.399
<v Speaker 2>and he marries her and they start having kids together.

0:18:31.520 --> 0:18:34.080
<v Speaker 2>He buys her a house, and he just starts raising

0:18:34.119 --> 0:18:38.639
<v Speaker 2>a second secret family in Florida will ultimately have four

0:18:38.760 --> 0:18:40.679
<v Speaker 2>children Jamaican.

0:18:41.600 --> 0:18:43.480
<v Speaker 3>I can say that. I'm sure.

0:18:45.200 --> 0:18:46.800
<v Speaker 2>A lot of people do that.

0:18:47.359 --> 0:18:50.119
<v Speaker 3>I know, but it's just like one one neglective family.

0:18:50.400 --> 0:18:53.720
<v Speaker 3>One neglected family's not enough. Let's you have two two.

0:18:53.760 --> 0:18:57.000
<v Speaker 2>I can't really double down on my family neglect. Look,

0:18:57.200 --> 0:19:01.159
<v Speaker 2>two neglected families makes a non neglected family. That's the

0:19:01.160 --> 0:19:04.639
<v Speaker 2>way it works, right, If you neglect enough families, it

0:19:04.680 --> 0:19:06.840
<v Speaker 2>loops around to you being a caring father.

0:19:07.119 --> 0:19:09.640
<v Speaker 3>Oh, just like a numbers game. It's like his gambling.

0:19:11.600 --> 0:19:12.920
<v Speaker 3>Someone's gonna have to like me.

0:19:13.320 --> 0:19:15.879
<v Speaker 2>Right right, I'm going to eventually find a family I

0:19:15.880 --> 0:19:18.720
<v Speaker 2>actually want to be there for. You know, Statistically, he's

0:19:18.760 --> 0:19:22.160
<v Speaker 2>like gambling, Just keep getting, keep getting new cards, keep dealing.

0:19:23.200 --> 0:19:25.320
<v Speaker 3>Wait, So, just to clarify, how many children does he

0:19:25.359 --> 0:19:26.560
<v Speaker 3>have with the first wife.

0:19:26.960 --> 0:19:29.879
<v Speaker 2>Ultimately he's going to have like fifteen, he has six

0:19:30.040 --> 0:19:32.440
<v Speaker 2>I think with his first wife and four with Franny.

0:19:32.520 --> 0:19:34.159
<v Speaker 2>I Ultimately, over the course of his life he has

0:19:34.200 --> 0:19:35.040
<v Speaker 2>like fifteen kids.

0:19:35.720 --> 0:19:36.359
<v Speaker 1>It's too many.

0:19:36.600 --> 0:19:40.920
<v Speaker 2>Ew And again this is bigamy. He's bigamously married. Now

0:19:40.960 --> 0:19:43.160
<v Speaker 2>this is a crime. You're not allowed to do this

0:19:44.200 --> 0:19:46.600
<v Speaker 2>in nineteen thirty because he also lied to the government

0:19:46.680 --> 0:19:49.600
<v Speaker 2>right about not being previously married. In nineteen thirty, he

0:19:49.680 --> 0:19:52.200
<v Speaker 2>takes his money and he moves to East Texas, where

0:19:52.240 --> 0:19:54.760
<v Speaker 2>he meets a fellow named see him Joiner. So now

0:19:54.760 --> 0:19:57.359
<v Speaker 2>he has abandoned both of his families. He meets a

0:19:57.359 --> 0:20:01.920
<v Speaker 2>man named see him Joiner. He's another oil speculator. Not sorry,

0:20:01.920 --> 0:20:03.919
<v Speaker 2>not a speculator. Joiner is one of these guys I

0:20:03.920 --> 0:20:05.920
<v Speaker 2>forget the term for it, but he's like he's like

0:20:05.960 --> 0:20:10.679
<v Speaker 2>a prospector for oil wells. Right. So Joiner identifies some

0:20:10.800 --> 0:20:14.280
<v Speaker 2>land that's like, I think there's oil on this land.

0:20:14.320 --> 0:20:16.560
<v Speaker 2>This is like I think a lot of it, right,

0:20:17.280 --> 0:20:20.240
<v Speaker 2>And this well's name is number one, Daisy Bradford. Joiner

0:20:20.280 --> 0:20:23.920
<v Speaker 2>is like a legend in the oil well prospecting business.

0:20:23.960 --> 0:20:25.680
<v Speaker 2>This is a big deal. Guys like this who are

0:20:25.720 --> 0:20:28.679
<v Speaker 2>like really skilled withoth the geology and stuff to like

0:20:28.800 --> 0:20:31.320
<v Speaker 2>find well. Yeah to like because this is the whole

0:20:31.320 --> 0:20:33.719
<v Speaker 2>oil boom relies on guys like this going out and

0:20:33.960 --> 0:20:35.560
<v Speaker 2>because they don't have a lot of the technology we

0:20:35.640 --> 0:20:38.000
<v Speaker 2>have today, so they're kind of looking at like the

0:20:38.000 --> 0:20:40.320
<v Speaker 2>geology and whatnot, and like, where do I think there's

0:20:40.359 --> 0:20:42.639
<v Speaker 2>going to be oil? Because it costs a lot of

0:20:42.640 --> 0:20:45.280
<v Speaker 2>money to like drill to prove that there's oil and

0:20:46.480 --> 0:20:49.520
<v Speaker 2>a property right, So the guys who are best at

0:20:50.359 --> 0:20:53.719
<v Speaker 2>identifying places that they think are worth drilling and have

0:20:53.760 --> 0:20:56.200
<v Speaker 2>the highest success rate are worth a lot of money.

0:20:56.359 --> 0:20:58.119
<v Speaker 2>And Joiner is one of the best of these guys,

0:20:58.400 --> 0:21:00.920
<v Speaker 2>and he picks out this space that becomes the oil

0:21:00.960 --> 0:21:04.760
<v Speaker 2>well Number one Daisy Bradford. Hunt buys the rights to

0:21:04.840 --> 0:21:07.440
<v Speaker 2>this oil well. Because that's how guys like Joiner make it.

0:21:07.480 --> 0:21:10.080
<v Speaker 2>They're not running the wells themselves. They like they find,

0:21:10.359 --> 0:21:12.399
<v Speaker 2>they speculate, they find it, and then they like buy

0:21:13.200 --> 0:21:15.320
<v Speaker 2>a bunch of acreage that they think is a good

0:21:15.359 --> 0:21:17.480
<v Speaker 2>place for an oil well, and then try to find

0:21:17.480 --> 0:21:19.800
<v Speaker 2>someone else to buy it and actually like prove their

0:21:20.000 --> 0:21:21.879
<v Speaker 2>like make the well right. That's kind of how the

0:21:21.880 --> 0:21:25.200
<v Speaker 2>business works. I'm YadA YadA ing a lot, but Hunt

0:21:25.240 --> 0:21:27.800
<v Speaker 2>buys the rights to this well, and he leases four

0:21:27.840 --> 0:21:31.320
<v Speaker 2>thousand surrounding acres from ce him Joiner, So he doesn't

0:21:31.359 --> 0:21:34.680
<v Speaker 2>own this land, he's like leasing it and basically buying

0:21:34.680 --> 0:21:36.639
<v Speaker 2>the rights to exploit the well. So he and Joyer

0:21:36.680 --> 0:21:39.560
<v Speaker 2>are in business together. Initially, this proves to be a

0:21:39.680 --> 0:21:43.199
<v Speaker 2>really wise move because number one Daisy Bradford becomes the

0:21:43.400 --> 0:21:47.600
<v Speaker 2>largest producing oil field on planet Earth for years. This

0:21:47.680 --> 0:21:50.520
<v Speaker 2>is the number one oil field on the planet. Right,

0:21:50.960 --> 0:21:53.840
<v Speaker 2>that is going to make a lot of money.

0:21:54.359 --> 0:21:56.440
<v Speaker 3>Now he's going to be so annoying, he's going to

0:21:56.480 --> 0:21:56.919
<v Speaker 3>be so.

0:21:56.840 --> 0:21:59.000
<v Speaker 2>He's kind of getting This is going to really allow

0:21:59.080 --> 0:22:01.080
<v Speaker 2>him to be a lot more of a piece of shit.

0:22:01.440 --> 0:22:03.880
<v Speaker 2>And we'll talk about that. But you know who else

0:22:03.960 --> 0:22:04.640
<v Speaker 2>is a piece of shit?

0:22:04.760 --> 0:22:05.119
<v Speaker 1>Nope.

0:22:05.600 --> 0:22:16.159
<v Speaker 2>I love our sponsors here. They are killing me and

0:22:16.359 --> 0:22:20.000
<v Speaker 2>we're back Sophie. Sophie didn't notice that. So it's fine.

0:22:20.080 --> 0:22:23.240
<v Speaker 2>We're good. We're good, We're happy. Everything's fine.

0:22:23.560 --> 0:22:24.320
<v Speaker 1>I am unhappy.

0:22:24.359 --> 0:22:27.639
<v Speaker 2>Fine, Sophie's happy. She just says that when she's happy.

0:22:27.640 --> 0:22:29.560
<v Speaker 2>She loves saying I'm unhappy to mean I'm happy.

0:22:29.600 --> 0:22:32.160
<v Speaker 3>She's just so beautiful you can't tell, but she's unhappy.

0:22:32.560 --> 0:22:37.440
<v Speaker 2>Classic Sophie. So that piece from the Nation that I've

0:22:37.440 --> 0:22:39.919
<v Speaker 2>been quoting from outline some of the weirdness around this

0:22:40.200 --> 0:22:42.840
<v Speaker 2>oil deal for what's going to become the biggest oil

0:22:42.920 --> 0:22:47.040
<v Speaker 2>field in the world. Number one Daisy Bradford quote. As

0:22:47.040 --> 0:22:50.080
<v Speaker 2>a matter of mysterious fact, he Hunt wound up with

0:22:50.119 --> 0:22:53.080
<v Speaker 2>most of the land Joiners started with. Nobody has ever

0:22:53.160 --> 0:22:55.720
<v Speaker 2>figured out how he did it. Hunt says it was simple.

0:22:55.800 --> 0:22:58.439
<v Speaker 2>He paid one million dollars but joined or died with

0:22:58.520 --> 0:23:01.040
<v Speaker 2>little money and the almost uncut countable riches Hunt is

0:23:01.040 --> 0:23:04.400
<v Speaker 2>taken from Joyner's old land has turned some Texas oilmen

0:23:04.560 --> 0:23:08.560
<v Speaker 2>sour on him. So basically, people are pretty sure Hunt

0:23:08.560 --> 0:23:10.960
<v Speaker 2>did something to screw Joiner out of a lot of

0:23:11.000 --> 0:23:14.240
<v Speaker 2>money and like kind of ruin him. But we don't

0:23:14.240 --> 0:23:16.960
<v Speaker 2>know that that happened. Joyner might have just squandered it. Right,

0:23:17.040 --> 0:23:19.200
<v Speaker 2>some of those oilmen might have had sour grapes. That said,

0:23:20.200 --> 0:23:22.439
<v Speaker 2>I think there's a pretty good chance Hunt fucks this

0:23:22.520 --> 0:23:26.879
<v Speaker 2>guy like he does not have being great with his

0:23:27.040 --> 0:23:30.160
<v Speaker 2>business partners. Yeah, exactly, he fucks everything else.

0:23:30.920 --> 0:23:31.040
<v Speaker 3>Uh.

0:23:31.520 --> 0:23:33.600
<v Speaker 2>That said, all these other oil guys probably do have

0:23:33.640 --> 0:23:36.360
<v Speaker 2>sour grapes because Hunt is not just a good oil man.

0:23:36.480 --> 0:23:38.680
<v Speaker 2>He is the best oil man of like the first

0:23:38.680 --> 0:23:40.680
<v Speaker 2>big oil boom, he is the best at this by

0:23:40.720 --> 0:23:45.240
<v Speaker 2>a huge margin. He starts making money handover fist not

0:23:45.359 --> 0:23:47.960
<v Speaker 2>long after this point, and this is the end of

0:23:48.000 --> 0:23:51.000
<v Speaker 2>his boom and bust cycles. He will never be poor again.

0:23:51.080 --> 0:23:53.960
<v Speaker 2>He will never be out of money again. This well

0:23:54.000 --> 0:23:55.800
<v Speaker 2>makes so much money that he's able to buy up

0:23:55.840 --> 0:23:59.160
<v Speaker 2>more oil wells. He eventually owns hundreds of oil wells,

0:23:59.480 --> 0:24:01.600
<v Speaker 2>more than five I forget the exact number, but he

0:24:01.640 --> 0:24:05.240
<v Speaker 2>owns so many fucking oil wells and somebody that he

0:24:05.280 --> 0:24:09.959
<v Speaker 2>accumulates an almost impossible seeming percentage of the US oil market.

0:24:10.960 --> 0:24:14.040
<v Speaker 2>He lives in Tyler, Texas during this period where he

0:24:14.119 --> 0:24:16.000
<v Speaker 2>was noted by others. Is he's like, This is when

0:24:16.000 --> 0:24:19.040
<v Speaker 2>he's starting to really get rich as a he's a loaner, right.

0:24:19.400 --> 0:24:22.960
<v Speaker 2>He doesn't like to the oil well guys, the guys

0:24:22.960 --> 0:24:25.440
<v Speaker 2>who are like working on these wildcat rigs and stuff

0:24:25.680 --> 0:24:28.200
<v Speaker 2>like socialized, like to party, like to go out and drink.

0:24:28.440 --> 0:24:31.560
<v Speaker 2>He doesn't socialize with any of his colleagues or any

0:24:31.560 --> 0:24:34.639
<v Speaker 2>of his subordinates. He doesn't like to know them. He

0:24:34.840 --> 0:24:37.879
<v Speaker 2>likes to work. He spends his free time doing extra

0:24:37.960 --> 0:24:43.000
<v Speaker 2>work in his office indoors, not outside. He prefers making

0:24:43.080 --> 0:24:45.960
<v Speaker 2>deals to doing any labor on any of the claims

0:24:45.960 --> 0:24:48.240
<v Speaker 2>that he owns. The son of one of his business

0:24:48.280 --> 0:24:51.480
<v Speaker 2>partners at the time recalled mister Hunt never forgot anything

0:24:51.920 --> 0:24:54.919
<v Speaker 2>map statistics, least data, He's never forgot. So he's got this.

0:24:55.200 --> 0:24:57.480
<v Speaker 2>He's got this like edetic memory, I think is the

0:24:57.800 --> 0:25:00.520
<v Speaker 2>term for it, right where he just he just doesn't

0:25:00.560 --> 0:25:04.359
<v Speaker 2>forget things. Hunt has had to abandon his family at

0:25:04.440 --> 0:25:06.600
<v Speaker 2>least twice to get to this point, but by now

0:25:06.840 --> 0:25:09.960
<v Speaker 2>he has finally made it, and as the nineteen thirties

0:25:10.000 --> 0:25:13.000
<v Speaker 2>turned into the nineteen forties, he is making money hand

0:25:13.200 --> 0:25:16.359
<v Speaker 2>over fist. Now the case made in that article in

0:25:16.400 --> 0:25:18.879
<v Speaker 2>the Nation, which is the best explanation I've seen anyone

0:25:18.920 --> 0:25:22.880
<v Speaker 2>give as for why Hunt succeeds so far. Hard goes

0:25:23.000 --> 0:25:27.119
<v Speaker 2>like this. He never stops gambling, and that's what works

0:25:27.119 --> 0:25:30.840
<v Speaker 2>for him. Ultimately, his whole driving intellectual justification for his

0:25:30.880 --> 0:25:34.439
<v Speaker 2>business practices is the law of averages. He thinks about

0:25:34.720 --> 0:25:37.480
<v Speaker 2>being an oil speculator the same way he thought about

0:25:37.480 --> 0:25:41.159
<v Speaker 2>playing poker. As Hunt himself said, quote, an element of

0:25:41.240 --> 0:25:44.360
<v Speaker 2>luck is important when you first get started in the business.

0:25:44.560 --> 0:25:46.760
<v Speaker 2>If you don't get a well fast. You can't accumulate

0:25:46.800 --> 0:25:49.320
<v Speaker 2>the capital to start operating on a large enough scale.

0:25:49.560 --> 0:25:52.000
<v Speaker 2>But after you start rolling, what you mainly need is

0:25:52.040 --> 0:25:55.120
<v Speaker 2>a thorough knowledge of the laws of chance. A wildcatter

0:25:55.200 --> 0:25:58.040
<v Speaker 2>can expect to bring in one well for every thirty tries,

0:25:58.200 --> 0:26:00.199
<v Speaker 2>and only one man in thirty will do that. If

0:26:00.200 --> 0:26:02.600
<v Speaker 2>you don't have faith in the law of averages, you'll

0:26:02.600 --> 0:26:06.120
<v Speaker 2>probably get discouraged and quit. In my wildcatting days, I've

0:26:06.200 --> 0:26:08.919
<v Speaker 2>drilled one hundred dry wells, one after the other. Then,

0:26:08.960 --> 0:26:12.240
<v Speaker 2>when prospects look most pessimistic, the law of averages would

0:26:12.240 --> 0:26:14.439
<v Speaker 2>go to work for me, just as I figured it would.

0:26:15.280 --> 0:26:17.640
<v Speaker 2>Now that article goes on a note after Hunt's quote.

0:26:17.840 --> 0:26:20.200
<v Speaker 2>The boldness of that statement can be understood only when

0:26:20.200 --> 0:26:22.760
<v Speaker 2>one realizes that a quarter of a million dollars is

0:26:22.760 --> 0:26:25.679
<v Speaker 2>not an unusual cost for wildcatting a single well. So

0:26:25.720 --> 0:26:27.879
<v Speaker 2>when he says he'd have one hundred dry wells in

0:26:27.920 --> 0:26:29.879
<v Speaker 2>a row, each of those dry wells is costing like

0:26:29.920 --> 0:26:33.000
<v Speaker 2>a quarter of a million bucks. That's just wasted. Crazy

0:26:33.040 --> 0:26:36.000
<v Speaker 2>like that. He is gambling. That's why he loves this

0:26:36.119 --> 0:26:37.560
<v Speaker 2>is this is gambling.

0:26:37.760 --> 0:26:38.400
<v Speaker 3>Gambling.

0:26:38.800 --> 0:26:41.960
<v Speaker 2>We're not we're not putting fucking four grand ass down

0:26:42.000 --> 0:26:44.119
<v Speaker 2>on a night of poker. We're putting a quarter of

0:26:44.160 --> 0:26:46.440
<v Speaker 2>a million dollars on one roll of the fucking dice.

0:26:46.560 --> 0:26:50.600
<v Speaker 2>This is his king and he's doing that hundreds of times. Yes, yes, absolutely,

0:26:51.040 --> 0:26:51.440
<v Speaker 2>mm hmm.

0:26:51.880 --> 0:26:55.159
<v Speaker 3>It's so bizarre. I also just I guess I'm just

0:26:55.320 --> 0:26:58.720
<v Speaker 3>so I can't imagine growing up, you know, poor, having

0:26:58.720 --> 0:27:03.000
<v Speaker 3>that be your origin story, being so casual with risking everything,

0:27:03.560 --> 0:27:05.080
<v Speaker 3>like I just I would just want to be so

0:27:05.200 --> 0:27:08.560
<v Speaker 3>comfortable with my two wives, Like I.

0:27:08.520 --> 0:27:10.240
<v Speaker 2>Think that's part of the key is he doesn't grow

0:27:10.320 --> 0:27:14.879
<v Speaker 2>up poor. He is one of eight kids inherits five grand,

0:27:14.920 --> 0:27:18.160
<v Speaker 2>which is a shitload of money at that point in time, right,

0:27:18.240 --> 0:27:21.320
<v Speaker 2>that's a that's a comfortable inheritance. His dad is a

0:27:21.359 --> 0:27:24.480
<v Speaker 2>five hundred acre farm. They are not poor because.

0:27:25.000 --> 0:27:27.240
<v Speaker 3>But he wants to have that message from sulf.

0:27:27.080 --> 0:27:29.800
<v Speaker 2>Right right, Like I am in that kind of boat

0:27:29.840 --> 0:27:32.080
<v Speaker 2>where like I didn't grow up we certainly weren't dirt poor,

0:27:32.119 --> 0:27:34.679
<v Speaker 2>we were never missing meals, but like my earliest memories

0:27:34.680 --> 0:27:37.520
<v Speaker 2>are all of financial anxiety because like my mom tried

0:27:37.520 --> 0:27:39.200
<v Speaker 2>to start a business and then another and they both

0:27:39.200 --> 0:27:42.360
<v Speaker 2>failed and we went fucking broke. You know, our aunt

0:27:42.400 --> 0:27:44.720
<v Speaker 2>and uncle who were like business partners, went bankrupt. Like

0:27:44.760 --> 0:27:47.000
<v Speaker 2>it was my dad had to leave for like almost

0:27:47.080 --> 0:27:48.840
<v Speaker 2>two years to work in New York because it was

0:27:48.840 --> 0:27:50.520
<v Speaker 2>the only place he could get a job and that

0:27:50.600 --> 0:27:53.520
<v Speaker 2>wasn't our house. And once I started making money, I

0:27:53.520 --> 0:27:56.240
<v Speaker 2>don't gamble like, I don't gamble, and I don't like

0:27:56.320 --> 0:27:59.920
<v Speaker 2>invest in crazy shit like I'm really conservative with like

0:28:00.320 --> 0:28:04.080
<v Speaker 2>in my investments and like finances like saving for retirement.

0:28:04.400 --> 0:28:08.160
<v Speaker 2>I am very risk averse because I don't want to

0:28:08.200 --> 0:28:10.920
<v Speaker 2>be scared about money again because I spend a lot

0:28:10.920 --> 0:28:12.960
<v Speaker 2>of my life scared about money. Yeah.

0:28:13.000 --> 0:28:14.640
<v Speaker 3>I used to even make fun of my mom's because

0:28:14.680 --> 0:28:16.440
<v Speaker 3>she would do like the lotto tickets every day, and

0:28:16.480 --> 0:28:19.720
<v Speaker 3>I'm like, mom, Mom, why you're doing it? Just save

0:28:19.840 --> 0:28:22.520
<v Speaker 3>for money, give me it, give me the money, I'll

0:28:22.520 --> 0:28:23.040
<v Speaker 3>save it.

0:28:23.800 --> 0:28:27.199
<v Speaker 2>Yeah I yeah. So again, I think that he's like

0:28:27.280 --> 0:28:31.040
<v Speaker 2>this in part because he doesn't grow poor, right, so

0:28:31.680 --> 0:28:34.080
<v Speaker 2>he also has a superpower, so he knows he can

0:28:34.119 --> 0:28:36.639
<v Speaker 2>always make more money gambling, which I think really helps too.

0:28:37.520 --> 0:28:40.200
<v Speaker 2>That said, you know, obviously this doesn't work smoothly or perfectly.

0:28:40.280 --> 0:28:42.360
<v Speaker 2>Hunt has his ups and downs, but the ups out

0:28:42.440 --> 0:28:44.720
<v Speaker 2>number the downs to such an extent that by the

0:28:44.720 --> 0:28:47.680
<v Speaker 2>time the US enters World War two. This is the

0:28:47.720 --> 0:28:50.080
<v Speaker 2>craziest fact. You want to know, how rich this guy is,

0:28:50.360 --> 0:28:52.120
<v Speaker 2>how big a deal he is in the oil and

0:28:52.160 --> 0:28:55.520
<v Speaker 2>gas industry at the start of World World War two,

0:28:55.520 --> 0:28:57.440
<v Speaker 2>At the start when the US enters World War two,

0:28:58.040 --> 0:29:03.239
<v Speaker 2>hl Hunt personally owns more oil reserves than all of

0:29:03.280 --> 0:29:07.840
<v Speaker 2>the Axis powers put together. Jesus, Like, if you just

0:29:07.840 --> 0:29:09.480
<v Speaker 2>want to, if you want to, like little hint about

0:29:09.520 --> 0:29:11.960
<v Speaker 2>by the time the US enters how fucked the axises

0:29:12.000 --> 0:29:14.320
<v Speaker 2>from the start of that portion of World War two,

0:29:15.040 --> 0:29:17.920
<v Speaker 2>one guy in the US has more oil than all

0:29:17.960 --> 0:29:21.680
<v Speaker 2>of the Axis powers have access to. One guy. They

0:29:21.720 --> 0:29:24.880
<v Speaker 2>were once that like they could never have won. What's

0:29:24.920 --> 0:29:28.520
<v Speaker 2>the US got involved? Like when you let the US

0:29:28.600 --> 0:29:31.680
<v Speaker 2>and Russia so like all of the money and resources

0:29:31.720 --> 0:29:34.880
<v Speaker 2>and all of the people, like you're like, these people

0:29:34.880 --> 0:29:39.560
<v Speaker 2>were so fucking fucked. Hl Hunt has more oil than

0:29:39.720 --> 0:29:40.960
<v Speaker 2>all of your asses.

0:29:41.840 --> 0:29:44.080
<v Speaker 3>Just drop him on the floor, just like we we

0:29:44.160 --> 0:29:46.160
<v Speaker 3>have a we have a hunt.

0:29:45.520 --> 0:29:49.440
<v Speaker 2>It's we've got our fucking hunt. Yeah. Now that all showed,

0:29:49.440 --> 0:29:51.360
<v Speaker 2>by the way, should answer the question. I shouldn't have

0:29:51.360 --> 0:29:53.320
<v Speaker 2>to explain at this point, how did this guy become

0:29:53.320 --> 0:29:56.080
<v Speaker 2>the richest man in the world. When World War two started,

0:29:56.080 --> 0:29:59.680
<v Speaker 2>he owned all of the oil. How do you think

0:29:59.720 --> 0:30:05.800
<v Speaker 2>that for him? Yeah, that's my business. Hack advice is

0:30:05.840 --> 0:30:08.080
<v Speaker 2>own all of the oil on earth when a world

0:30:08.160 --> 0:30:08.840
<v Speaker 2>war starts.

0:30:09.080 --> 0:30:10.680
<v Speaker 3>Write that down everyone.

0:30:10.800 --> 0:30:14.280
<v Speaker 2>Like that'll well when that world war starts. Might not

0:30:14.360 --> 0:30:16.920
<v Speaker 2>help you the same way if a third one kicks off, folks.

0:30:18.720 --> 0:30:21.600
<v Speaker 2>So I would be remiss if I didn't point out, though,

0:30:21.640 --> 0:30:24.800
<v Speaker 2>that owning the most productive oil wells on Earth during

0:30:24.800 --> 0:30:27.160
<v Speaker 2>World War Two was not Hunt's only business. In the

0:30:27.160 --> 0:30:30.160
<v Speaker 2>early to mid nineteen forties. His FBI file notes that

0:30:30.400 --> 0:30:32.400
<v Speaker 2>as of nineteen forty three, he was alleged to be

0:30:32.440 --> 0:30:35.000
<v Speaker 2>the operator of a private horse race and gambling bookie

0:30:35.120 --> 0:30:39.440
<v Speaker 2>establishment near his office in Dallas. So he continues running

0:30:39.440 --> 0:30:41.880
<v Speaker 2>a casino, But at this point it's just for fun, right,

0:30:41.920 --> 0:30:44.240
<v Speaker 2>it's love of the game. He has his money like

0:30:44.840 --> 0:30:48.560
<v Speaker 2>vibes like he absolutely and he'll get in trouble a

0:30:48.560 --> 0:30:50.960
<v Speaker 2>couple of times. There'll be some like investigations because he

0:30:51.080 --> 0:30:54.040
<v Speaker 2>stays involved in a lot of illegal gambling stuff as

0:30:54.080 --> 0:30:56.600
<v Speaker 2>an adult. He'll nearly get in trouble a couple of times,

0:30:56.680 --> 0:30:59.000
<v Speaker 2>but it's just for it's just for shits and giggles

0:30:59.000 --> 0:31:03.760
<v Speaker 2>at this stage. Now, obviously up to this point, this

0:31:03.880 --> 0:31:06.280
<v Speaker 2>is like a dude who I don't think is very pleasant,

0:31:06.360 --> 0:31:09.440
<v Speaker 2>but there's not enough to make him a bastard. You know,

0:31:09.920 --> 0:31:11.760
<v Speaker 2>at this stage in the oil and gas industry, he

0:31:11.760 --> 0:31:15.160
<v Speaker 2>doesn't know about climate change. That's certainly not like the

0:31:15.200 --> 0:31:18.040
<v Speaker 2>widespread scientific consensus. So he can't really get him on that.

0:31:18.320 --> 0:31:21.200
<v Speaker 2>He hasn't done anything. He's a shitty dad, and he's

0:31:21.280 --> 0:31:24.680
<v Speaker 2>bigamously married, and those are bad things, but on its own.

0:31:24.720 --> 0:31:26.440
<v Speaker 2>I don't do it behind the bastards just because a

0:31:26.480 --> 0:31:29.160
<v Speaker 2>guy's got a shitty personal life. So now we're going

0:31:29.240 --> 0:31:31.000
<v Speaker 2>to talk about this stuff that makes him earn his

0:31:31.040 --> 0:31:32.480
<v Speaker 2>way onto the podcast.

0:31:32.600 --> 0:31:34.920
<v Speaker 1>I'm nervous because it's World War two time.

0:31:35.000 --> 0:31:38.400
<v Speaker 3>I know, nervous.

0:31:38.680 --> 0:31:41.560
<v Speaker 2>You know, he's you get the he's a he's firmly

0:31:41.720 --> 0:31:44.560
<v Speaker 2>right wing by the time World War two starts. I

0:31:44.640 --> 0:31:48.640
<v Speaker 2>haven't seen any allegations of pro Nazi sentiment, but he's

0:31:48.720 --> 0:31:51.960
<v Speaker 2>anti intervention at the start of the war and opposes

0:31:52.080 --> 0:31:55.480
<v Speaker 2>US entry into the war right, which suggests to me

0:31:56.320 --> 0:32:03.640
<v Speaker 2>maybe some mid sympathy there. Yeah, that said, once the

0:32:03.680 --> 0:32:06.320
<v Speaker 2>war starts, he realizes that because of the way oil

0:32:06.400 --> 0:32:09.959
<v Speaker 2>depletion allowances work in tax laws. And I'm not gonna

0:32:10.080 --> 0:32:12.680
<v Speaker 2>explain this in detail because I don't know much about taxes,

0:32:12.680 --> 0:32:15.080
<v Speaker 2>but it's this thing that, because of the way it works,

0:32:15.600 --> 0:32:18.560
<v Speaker 2>you can kind of not pay taxes at all if

0:32:18.560 --> 0:32:23.240
<v Speaker 2>you're an oil man in a specific way. Right. Per

0:32:23.280 --> 0:32:26.120
<v Speaker 2>his biographer, Hunt began to realize that maybe he had

0:32:26.160 --> 0:32:29.400
<v Speaker 2>been a trifle hasty and opposing American intervention. So basically

0:32:29.400 --> 0:32:31.160
<v Speaker 2>he's like, wait, a secon, I can sell all of

0:32:31.200 --> 0:32:33.720
<v Speaker 2>the oil to the Allied Powers and I don't have

0:32:33.760 --> 0:32:36.440
<v Speaker 2>to pay taxes on it. No. World War two sounds great.

0:32:37.040 --> 0:32:38.120
<v Speaker 3>I canna make this sark.

0:32:38.440 --> 0:32:40.760
<v Speaker 2>Yeah, make as many Shermans as you guys want one

0:32:40.760 --> 0:32:43.600
<v Speaker 2>of those things to get half a mile to the gallon. Awesome. Yeah,

0:32:43.760 --> 0:32:48.520
<v Speaker 2>keep rolling those fuckers off the line. So his big

0:32:48.560 --> 0:32:51.160
<v Speaker 2>fear though, during this period of time, is that his son, Hassey,

0:32:51.360 --> 0:32:53.720
<v Speaker 2>now twenty two years old, might get drafted.

0:32:54.120 --> 0:32:54.280
<v Speaker 3>Right.

0:32:54.360 --> 0:32:57.840
<v Speaker 2>He doesn't want his boy, his namesake, to go to

0:32:57.960 --> 0:33:00.280
<v Speaker 2>war and die. So he works out a deal with

0:33:00.360 --> 0:33:03.080
<v Speaker 2>the US government because you know, Hassei's got to serve

0:33:03.200 --> 0:33:06.080
<v Speaker 2>you know, their draft and everyone they can. So his

0:33:06.200 --> 0:33:09.600
<v Speaker 2>son gets joins the army and gets commissioned immediately as

0:33:09.640 --> 0:33:12.840
<v Speaker 2>a second lieutenant, right, which is not like I mean

0:33:12.840 --> 0:33:15.440
<v Speaker 2>that some people do join in our commission immediately, the

0:33:15.440 --> 0:33:17.320
<v Speaker 2>second lieutenants and stuff. That's how you start if you're

0:33:17.360 --> 0:33:20.840
<v Speaker 2>like an officer. But his son specifically gets commissioned because

0:33:20.880 --> 0:33:25.160
<v Speaker 2>of who his dad is and the job a very

0:33:25.200 --> 0:33:27.400
<v Speaker 2>nepo baby thing, and he doesn't want to be a

0:33:27.440 --> 0:33:30.280
<v Speaker 2>Nepo baby. By this point in time, Hasse has already

0:33:30.400 --> 0:33:34.320
<v Speaker 2>established himself independently as a successful oil man, like a

0:33:34.360 --> 0:33:37.040
<v Speaker 2>separate from his dad, and he hates his dad, and

0:33:37.120 --> 0:33:39.960
<v Speaker 2>he really does not want to be associated with his father,

0:33:40.400 --> 0:33:44.000
<v Speaker 2>and his dad forces him by working with the government,

0:33:44.080 --> 0:33:46.080
<v Speaker 2>forces him into the situation that now he's made to

0:33:46.160 --> 0:33:48.680
<v Speaker 2>join the army and he's made to take a job

0:33:48.760 --> 0:33:51.680
<v Speaker 2>with the army where he's working in DC and he's

0:33:51.720 --> 0:33:56.160
<v Speaker 2>basically advising the leader of China's nationalist faction during their

0:33:56.200 --> 0:33:59.120
<v Speaker 2>civil war. So he's like working with Chang Kai Shek's

0:33:59.240 --> 0:34:02.320
<v Speaker 2>guys specifically, I think on like oil, a lot of

0:34:02.360 --> 0:34:05.880
<v Speaker 2>oil related stuff. And he's doing this because his dad

0:34:06.000 --> 0:34:08.560
<v Speaker 2>makes this job for him. He doesn't want this job,

0:34:08.600 --> 0:34:12.640
<v Speaker 2>and he's really unhappy to be forced to once again

0:34:12.719 --> 0:34:15.560
<v Speaker 2>live in his dad's shadow. This like fucks him up

0:34:15.600 --> 0:34:19.600
<v Speaker 2>a lot. In the book Kingdom to sell rights about

0:34:19.640 --> 0:34:22.000
<v Speaker 2>how Hasse has the op This is the like, if

0:34:22.000 --> 0:34:24.839
<v Speaker 2>he'd wanted to, this would have been a great opportunity,

0:34:25.120 --> 0:34:27.080
<v Speaker 2>if he enjoyed being an EPO baby, to spend the

0:34:27.080 --> 0:34:29.480
<v Speaker 2>war partying and hitting on all the hot ladies who

0:34:29.520 --> 0:34:32.960
<v Speaker 2>are lonely because the men are gone. That's how to

0:34:33.080 --> 0:34:36.120
<v Speaker 2>sell rights. And then he adds this just yet another

0:34:36.239 --> 0:34:40.880
<v Speaker 2>fascinating passage from his biography. The variety of females was

0:34:40.960 --> 0:34:44.320
<v Speaker 2>enhanced by the Chinese Nationalist government, which staffed its embassy

0:34:44.360 --> 0:34:47.560
<v Speaker 2>heavily with new bile young beauties from the Asian mainland.

0:34:47.800 --> 0:34:50.080
<v Speaker 2>Willing young females have always been one of the Earth's

0:34:50.080 --> 0:34:53.480
<v Speaker 2>most readily accepted forms of currency, and currency was required

0:34:53.520 --> 0:35:00.000
<v Speaker 2>to purchase power and influence. Gee, the gross gross Like, yeah,

0:35:00.160 --> 0:35:03.040
<v Speaker 2>you're not wrong. I'm sure the Chinese Nationalist government did

0:35:03.080 --> 0:35:05.719
<v Speaker 2>staff their embassy with hotties because they know that that

0:35:05.800 --> 0:35:08.600
<v Speaker 2>allows them to like you can use hot girls to

0:35:08.640 --> 0:35:10.960
<v Speaker 2>help you spy on people, and you can use them

0:35:10.960 --> 0:35:13.360
<v Speaker 2>to gain black male stuff. But like, that's a gross

0:35:13.400 --> 0:35:17.080
<v Speaker 2>way to write that. Also, the variety of females. Yes,

0:35:17.200 --> 0:35:19.000
<v Speaker 2>he always uses females.

0:35:20.480 --> 0:35:23.000
<v Speaker 3>Female.

0:35:24.040 --> 0:35:28.640
<v Speaker 2>It's weird. It's weird to sell. It's weird. So but

0:35:28.719 --> 0:35:30.719
<v Speaker 2>you know, I don't doubt also that like that is

0:35:30.760 --> 0:35:34.920
<v Speaker 2>basically what's going on, right. Hasse is very unhappy, uh,

0:35:35.080 --> 0:35:37.440
<v Speaker 2>in this situation. He had been starting again, he'd been

0:35:37.480 --> 0:35:40.759
<v Speaker 2>living independently, he was like starting to succeed on his own,

0:35:40.800 --> 0:35:44.200
<v Speaker 2>and then his dad uses the US government to trap

0:35:44.320 --> 0:35:46.759
<v Speaker 2>him and force him to take the job his dad

0:35:46.800 --> 0:35:49.879
<v Speaker 2>wants him to have, like it's the most controlling thing

0:35:50.680 --> 0:35:52.920
<v Speaker 2>that you could possibly do as a father. And this

0:35:53.000 --> 0:35:55.279
<v Speaker 2>is very in line with how he is as a dad.

0:35:55.320 --> 0:35:58.240
<v Speaker 2>He's never there and he never provides any emotional support.

0:35:58.600 --> 0:36:00.960
<v Speaker 2>But he also has a very idea of what he

0:36:01.000 --> 0:36:03.239
<v Speaker 2>wants his namesake to do for a living, and he

0:36:03.320 --> 0:36:05.759
<v Speaker 2>will like berate him and scream at him anytime he

0:36:05.800 --> 0:36:09.640
<v Speaker 2>does anything different or anytime he falls short. And now

0:36:09.680 --> 0:36:12.040
<v Speaker 2>he's like, oh, you want to live independently into your

0:36:12.040 --> 0:36:14.239
<v Speaker 2>own thing, No, fuck you, You're taking this job that

0:36:14.280 --> 0:36:16.799
<v Speaker 2>I've made the government give you, and you're gonna do it.

0:36:17.239 --> 0:36:20.840
<v Speaker 2>And Hasse is deeply uncomfortable, and he has what sounds

0:36:20.880 --> 0:36:23.879
<v Speaker 2>like a psychotic break one night after a party at

0:36:23.920 --> 0:36:28.080
<v Speaker 2>the Chinese Embassy and flies into a violent rage, destroying

0:36:28.120 --> 0:36:30.840
<v Speaker 2>all of the furniture in the room and like fighting people,

0:36:31.239 --> 0:36:34.080
<v Speaker 2>And when hotel staff approach him, he starts screaming, I've

0:36:34.080 --> 0:36:37.600
<v Speaker 2>been betrayed, betrayed by the Rockefellers, betrayed by my father's enemies.

0:36:37.600 --> 0:36:42.319
<v Speaker 2>They're all out to get me. So maybe it's kind

0:36:42.320 --> 0:36:44.120
<v Speaker 2>of hard. I don't know what's going on with him.

0:36:44.200 --> 0:36:47.040
<v Speaker 2>It may have been like paranoid schizophrenia, because he's like

0:36:47.440 --> 0:36:51.399
<v Speaker 2>never going to get better. He's mentally ill. The rest

0:36:51.400 --> 0:36:56.040
<v Speaker 2>of his bad broke him, He broke his boy. Yeah, yeah,

0:36:56.080 --> 0:36:56.600
<v Speaker 2>I do.

0:36:56.520 --> 0:36:59.160
<v Speaker 1>Love that the Rockefellers come up that way all the time,

0:36:59.200 --> 0:36:59.960
<v Speaker 1>betrayed by the rock.

0:37:00.760 --> 0:37:03.040
<v Speaker 3>That's what I was laughing at a scene.

0:37:02.800 --> 0:37:06.160
<v Speaker 2>Of every crime. But in this case they are literally

0:37:06.200 --> 0:37:06.560
<v Speaker 2>in play.

0:37:06.640 --> 0:37:08.839
<v Speaker 3>But I love it. I do love how it's like

0:37:08.960 --> 0:37:11.400
<v Speaker 3>they have like that his son ends up doing like

0:37:11.480 --> 0:37:14.240
<v Speaker 3>a rival oil company, the same way like his brother

0:37:14.320 --> 0:37:16.719
<v Speaker 3>and his dad had the rival banks. It's just like

0:37:17.200 --> 0:37:18.680
<v Speaker 3>fathers and sons.

0:37:19.080 --> 0:37:21.440
<v Speaker 2>Yeah, great succession exactly.

0:37:21.719 --> 0:37:25.640
<v Speaker 3>It's so Murdoch coded the way that he very much. Yeah,

0:37:25.640 --> 0:37:28.120
<v Speaker 3>I'm just gonna absorb you into the coalition. Whether you

0:37:28.160 --> 0:37:30.320
<v Speaker 3>want to be independent or not. It's so Murdoch.

0:37:30.440 --> 0:37:33.000
<v Speaker 2>Oh, you don't have any choice in this. Yeah, So

0:37:33.200 --> 0:37:35.719
<v Speaker 2>he winds up, hass He winds up in a military hospital,

0:37:35.840 --> 0:37:38.080
<v Speaker 2>and when his dad comes for a visit hasse he

0:37:38.280 --> 0:37:40.799
<v Speaker 2>like charges him and tries to beat him up.

0:37:41.160 --> 0:37:41.279
<v Speaker 3>Like.

0:37:41.320 --> 0:37:44.120
<v Speaker 2>He basically rushes his dad. As soon as his dad

0:37:44.160 --> 0:37:46.279
<v Speaker 2>like walks into the room and tries to assault him,

0:37:46.520 --> 0:37:49.960
<v Speaker 2>he has to be restrained by guards. Hl Hunt tells

0:37:50.000 --> 0:37:53.040
<v Speaker 2>his wife after this, the boy is too high spirited,

0:37:53.160 --> 0:37:56.640
<v Speaker 2>too sensitive. He's always been too sensitive and reckless. Why

0:37:56.719 --> 0:37:59.080
<v Speaker 2>there's nothing wrong with the jeans in that boy. He

0:37:59.120 --> 0:38:03.359
<v Speaker 2>comes from the finest doc. Problem is is to say

0:38:03.360 --> 0:38:05.880
<v Speaker 2>his jeans are good for me. It's got to be that.

0:38:06.000 --> 0:38:08.759
<v Speaker 2>You know, he made his personality, he made choices to

0:38:08.760 --> 0:38:11.480
<v Speaker 2>be too sensitive. You know, that's what's wrong with him.

0:38:11.719 --> 0:38:14.520
<v Speaker 2>And when he says this, his daughter, Margaret, his oldest child,

0:38:14.640 --> 0:38:18.920
<v Speaker 2>who's there, turns to him and replies, you destroyed hassee

0:38:19.200 --> 0:38:22.120
<v Speaker 2>nobody but you. You've gotten away with a kind of murder,

0:38:22.160 --> 0:38:23.480
<v Speaker 2>and it's time you faced up to.

0:38:23.480 --> 0:38:30.279
<v Speaker 3>That eldest daughter. That right there, that's gods. Oh yeah,

0:38:30.560 --> 0:38:33.040
<v Speaker 3>living to the Margaret name. We love it.

0:38:33.120 --> 0:38:35.360
<v Speaker 2>Yeah, living up to that Margaret name. And you know

0:38:35.400 --> 0:38:39.800
<v Speaker 2>who else is named Margaret? Not the sponsors of our podcast? Maybe,

0:38:39.800 --> 0:38:41.279
<v Speaker 2>but we don't know. They could be.

0:38:41.800 --> 0:38:44.720
<v Speaker 1>What if it's a promo for cool cool stuff?

0:38:44.880 --> 0:38:48.000
<v Speaker 2>Again, they could be? Could be not impossible, No, no, no.

0:38:48.239 --> 0:38:50.919
<v Speaker 3>Here's it's possible. Be cool mm hm.

0:38:57.200 --> 0:39:01.040
<v Speaker 2>Hm, and we're back south. Speaking of being a great

0:39:01.080 --> 0:39:04.279
<v Speaker 2>parent and husband. Back in nineteen thirty four, Frannia, his

0:39:04.400 --> 0:39:08.279
<v Speaker 2>second wife, had figured out that he had another secret family. Right.

0:39:08.360 --> 0:39:10.360
<v Speaker 2>I don't know exactly how, but she finds out that

0:39:10.400 --> 0:39:14.160
<v Speaker 2>they've got another secret family and they drift apart after that.

0:39:14.360 --> 0:39:19.239
<v Speaker 2>She's not happy about this. Per the Texas State Historical Association,

0:39:19.719 --> 0:39:22.000
<v Speaker 2>Hunt apparently shipped her off to New York and in

0:39:22.080 --> 0:39:25.000
<v Speaker 2>nineteen forty one provided trusts for each of the four children.

0:39:25.320 --> 0:39:28.359
<v Speaker 2>A friend of his, John Lee, married her and gave

0:39:28.400 --> 0:39:31.719
<v Speaker 2>his name to the children for an idea. He's so

0:39:31.880 --> 0:39:35.120
<v Speaker 2>rich now. When his second family gets pissed and leaves

0:39:35.120 --> 0:39:37.880
<v Speaker 2>an order like hide what he's done, he gets he basically,

0:39:37.960 --> 0:39:41.279
<v Speaker 2>I'm sure, pays his friend to marry the family and

0:39:41.320 --> 0:39:43.160
<v Speaker 2>pretend to be the father of those kids.

0:39:44.000 --> 0:39:44.920
<v Speaker 3>That's so weird.

0:39:45.120 --> 0:39:48.240
<v Speaker 2>Crazy stuff wild. Some people have wild much.

0:39:48.080 --> 0:39:51.000
<v Speaker 3>Money, Like this is like, yeah, you can just be

0:39:51.160 --> 0:39:52.600
<v Speaker 3>a dad. You could just.

0:39:53.280 --> 0:39:56.320
<v Speaker 2>Everyone who's ever been the richest man in the world

0:39:56.360 --> 0:40:02.560
<v Speaker 2>has had too much money. We could start there. Yeah period, yeah, yeah,

0:40:02.719 --> 0:40:06.480
<v Speaker 2>gross shit. In nineteen forty six, right after the war ended,

0:40:06.520 --> 0:40:09.880
<v Speaker 2>a coal strike hits the East Coast. So there's this

0:40:10.000 --> 0:40:13.200
<v Speaker 2>strike for the same reason people always strike, and it's

0:40:13.200 --> 0:40:16.640
<v Speaker 2>causing this like energy shortage, and Hunt breaks the strike

0:40:16.760 --> 0:40:19.840
<v Speaker 2>by supplying huge amounts of natural gas to the Southwest. Basically,

0:40:19.840 --> 0:40:22.319
<v Speaker 2>you guys don't need coal from these coal miners. I've

0:40:22.320 --> 0:40:25.080
<v Speaker 2>got all of this Union free natural gas. And he

0:40:25.120 --> 0:40:27.799
<v Speaker 2>winds up supplying eighty five percent of the fuel needs

0:40:27.800 --> 0:40:33.200
<v Speaker 2>of the East Coast. Again, he's not surprising that in

0:40:33.440 --> 0:40:36.000
<v Speaker 2>nineteen forty eight, I Think Life magazine names him the

0:40:36.120 --> 0:40:39.479
<v Speaker 2>richest man on Earth. He has an estimated net worth

0:40:39.480 --> 0:40:42.320
<v Speaker 2>of two hundred and sixty three million dollars, which would

0:40:43.000 --> 0:40:44.680
<v Speaker 2>be the equivalent of like three and a half billion

0:40:44.680 --> 0:40:49.719
<v Speaker 2>dollars today. But he can't rest or sit on his laurels.

0:40:49.800 --> 0:40:52.080
<v Speaker 2>The United States was only able to win World War

0:40:52.120 --> 0:40:55.799
<v Speaker 2>Two by partnering with the Communists, and he came to

0:40:55.840 --> 0:40:58.640
<v Speaker 2>believe that a vast conspiracy was at work to destroy

0:40:58.680 --> 0:41:02.520
<v Speaker 2>the United States from the n side, and hl Hunt

0:41:02.560 --> 0:41:07.839
<v Speaker 2>knows a communist uprising would be very bad for hl Hunt, right,

0:41:07.880 --> 0:41:10.839
<v Speaker 2>He really does not want to want to see any

0:41:10.840 --> 0:41:13.239
<v Speaker 2>of that go down. His businesses he doesn't think will

0:41:13.239 --> 0:41:13.560
<v Speaker 2>do well.

0:41:13.640 --> 0:41:15.560
<v Speaker 3>He's like, these are my money, this is my money.

0:41:15.600 --> 0:41:19.040
<v Speaker 2>Yeah, yeah, Oh, they're not gonna like me. By the

0:41:19.080 --> 0:41:21.160
<v Speaker 2>start of the nineteen fifties, Hunt had figured out his

0:41:21.160 --> 0:41:24.080
<v Speaker 2>own path out of the dangers of socialism. He begins

0:41:24.080 --> 0:41:26.880
<v Speaker 2>on envisioning and sketching out the dimensions of his ideal

0:41:27.120 --> 0:41:30.399
<v Speaker 2>utopian state, which is this kind of like dream libertarian

0:41:30.480 --> 0:41:34.560
<v Speaker 2>capitalist republic where votes are assigned in elections based on

0:41:34.600 --> 0:41:37.440
<v Speaker 2>how much you pay in taxes. That's the primary thing

0:41:37.440 --> 0:41:39.919
<v Speaker 2>that determines how many votes you get. Yeah, we'll talk

0:41:39.960 --> 0:41:42.799
<v Speaker 2>more about that later. Some might call an idea like

0:41:42.840 --> 0:41:46.040
<v Speaker 2>this fascism adjacent, but Hunt doesn't care. His life has

0:41:46.040 --> 0:41:49.240
<v Speaker 2>taught him that reality would mold to fit whatever he wants,

0:41:49.800 --> 0:41:53.480
<v Speaker 2>so he decides to brute force his dream utopia into being.

0:41:53.600 --> 0:41:57.040
<v Speaker 2>He's going to like make America become this country is

0:41:57.160 --> 0:41:59.239
<v Speaker 2>very much like a proto Peter Teel type. He has

0:41:59.280 --> 0:42:02.080
<v Speaker 2>this dream after he gets rich of how to reorganize

0:42:02.080 --> 0:42:05.279
<v Speaker 2>society so that he doesn't have to listen to anyone else,

0:42:05.760 --> 0:42:08.759
<v Speaker 2>and he then begins putting his money into supporting a

0:42:08.840 --> 0:42:12.120
<v Speaker 2>variety of causes and making media that will convince all

0:42:12.160 --> 0:42:14.600
<v Speaker 2>of the dummies who with everyone else in the United

0:42:14.640 --> 0:42:18.680
<v Speaker 2>States that what he wants is best for everybody. He

0:42:18.800 --> 0:42:22.600
<v Speaker 2>becomes a vocal supporter of Senator Joseph McCarthy, who he

0:42:22.640 --> 0:42:25.520
<v Speaker 2>saw as a patriot protecting the nation from a vast

0:42:25.560 --> 0:42:29.400
<v Speaker 2>cabal of secret Communist agents who had infiltrated every level

0:42:29.400 --> 0:42:33.680
<v Speaker 2>of society. Hunt decides to fight back against this, you know,

0:42:33.840 --> 0:42:38.000
<v Speaker 2>left wing infiltration of all of our cultural and social

0:42:38.040 --> 0:42:41.759
<v Speaker 2>governmental organs by funding one of the first explicitly right

0:42:41.800 --> 0:42:46.120
<v Speaker 2>wing media organizations in the country, The Facts Forum, founded

0:42:46.120 --> 0:42:50.160
<v Speaker 2>in nineteen fifty one, was immediately the best funded propaganda

0:42:50.160 --> 0:42:53.960
<v Speaker 2>outlet in the United States. On paper, the Facts Forum

0:42:54.280 --> 0:42:58.319
<v Speaker 2>was nonpartisan and educational. It has to be nonpartisan, it

0:42:58.360 --> 0:42:58.839
<v Speaker 2>has to be.

0:43:00.160 --> 0:43:03.640
<v Speaker 3>The country, right, We just care about baby, just.

0:43:03.719 --> 0:43:08.000
<v Speaker 2>Fact and education. Because if you're if you're nonpartisan, if

0:43:08.040 --> 0:43:12.400
<v Speaker 2>you're balanced and educational, then your content, your your radio

0:43:12.440 --> 0:43:15.319
<v Speaker 2>and television is tax exempt. Right You don't have to

0:43:15.320 --> 0:43:18.719
<v Speaker 2>pay taxes on. Basically, you get a tax right off

0:43:18.760 --> 0:43:21.839
<v Speaker 2>for whatever you put into the media, which will allow

0:43:21.920 --> 0:43:25.440
<v Speaker 2>Hunt to not pay taxes. Right. That's the big benefit

0:43:25.440 --> 0:43:27.640
<v Speaker 2>of this is that it doesn't actually cost him money.

0:43:27.960 --> 0:43:31.000
<v Speaker 2>The money that he spends on this is basically what

0:43:31.040 --> 0:43:33.880
<v Speaker 2>he does instead of paying taxes because of how the

0:43:33.920 --> 0:43:37.080
<v Speaker 2>tax system works. So his choice is basically either pay

0:43:37.200 --> 0:43:41.000
<v Speaker 2>taxes and fund like society or put it all into

0:43:41.040 --> 0:43:42.960
<v Speaker 2>right wing propaganda. And he's like, well, I would much

0:43:43.040 --> 0:43:48.320
<v Speaker 2>rather put it all on the right wing propaganda on red. Yeah. Yeah.

0:43:48.360 --> 0:43:51.319
<v Speaker 2>In one early letter, Hunt describes the vision behind the

0:43:51.400 --> 0:43:54.080
<v Speaker 2>Facts Forum as a kind of projection of the old

0:43:54.120 --> 0:43:57.080
<v Speaker 2>New England town hall meeting idea we have no ax

0:43:57.160 --> 0:44:00.920
<v Speaker 2>to grind and no funds to raise. Now that last

0:44:00.960 --> 0:44:03.080
<v Speaker 2>bit was tactically true. He was the richest man in

0:44:03.120 --> 0:44:06.239
<v Speaker 2>the world. He does not beg for donations, right, But

0:44:06.320 --> 0:44:09.880
<v Speaker 2>he does beg his listeners to organize in person, advising

0:44:09.880 --> 0:44:12.480
<v Speaker 2>them to set up discussion groups from seven to forty

0:44:12.480 --> 0:44:15.000
<v Speaker 2>two members and like read books together and talk about

0:44:15.280 --> 0:44:19.239
<v Speaker 2>the ideas that he's putting out through the show. And

0:44:19.280 --> 0:44:21.560
<v Speaker 2>in doing this and suggesting this, he's cripping off of

0:44:21.600 --> 0:44:24.040
<v Speaker 2>what he understood is the playbook the Bolsheviks had used

0:44:24.040 --> 0:44:26.560
<v Speaker 2>to take power. If you listen to that, there's always

0:44:26.640 --> 0:44:30.080
<v Speaker 2>like reading groups, like socialist reading groups all throughout the

0:44:30.160 --> 0:44:34.120
<v Speaker 2>Russian the like Czarist Russia that wind up being the

0:44:34.160 --> 0:44:36.160
<v Speaker 2>core of all, not just the Bolsheviks, all of these

0:44:36.160 --> 0:44:39.160
<v Speaker 2>different like left wing revolutionary groups right the start. A

0:44:39.200 --> 0:44:41.839
<v Speaker 2>lot of them start as book clubs. And he's very

0:44:41.920 --> 0:44:44.960
<v Speaker 2>much and a lot of anti communists in this era

0:44:45.080 --> 0:44:48.279
<v Speaker 2>post World War two, like that's the John Burt Society too,

0:44:48.400 --> 0:44:50.920
<v Speaker 2>is like, what if we take the tactics these leftists

0:44:50.960 --> 0:44:56.680
<v Speaker 2>are using, but we turn it towards basically pro fascist bullshit?

0:44:56.760 --> 0:44:58.560
<v Speaker 3>Right, what do we give them the books that we

0:44:58.760 --> 0:45:01.080
<v Speaker 3>like and we yeah, never read our.

0:45:00.920 --> 0:45:04.839
<v Speaker 2>Book, and right, maybe we can make people be like,

0:45:05.239 --> 0:45:08.680
<v Speaker 2>you know, violent militant revolutionaries in favor of us not

0:45:08.680 --> 0:45:12.880
<v Speaker 2>paying taxes. Yeah. So the Facts Forum has a membership

0:45:12.920 --> 0:45:16.160
<v Speaker 2>list and a newsletter which was free to be outright

0:45:16.200 --> 0:45:18.000
<v Speaker 2>partisan in a way that the radio show could not

0:45:18.080 --> 0:45:20.000
<v Speaker 2>that for whatever reason, the newspapers and stuff that he

0:45:20.040 --> 0:45:22.200
<v Speaker 2>puts out don't have to abide by any of these rules.

0:45:22.800 --> 0:45:26.080
<v Speaker 2>Every three weeks, members were polled on current affairs and

0:45:26.120 --> 0:45:28.279
<v Speaker 2>the results. This is really interesting to me that he

0:45:28.280 --> 0:45:32.200
<v Speaker 2>figures this out. Is he has his membership answer polls

0:45:32.239 --> 0:45:34.719
<v Speaker 2>that he writes, and then he sends the results to

0:45:34.800 --> 0:45:38.480
<v Speaker 2>newspapers as if they're real polls that are evidence of

0:45:38.560 --> 0:45:42.200
<v Speaker 2>like how Americans feel about issues, and a lot of

0:45:42.239 --> 0:45:45.200
<v Speaker 2>newspapers publish this as if it's the news, as if

0:45:45.200 --> 0:45:48.720
<v Speaker 2>these polls are like represent how Americans feel about things,

0:45:48.880 --> 0:45:51.800
<v Speaker 2>as opposed to what Hunt's really doing. Because he's coming

0:45:51.880 --> 0:45:54.520
<v Speaker 2>up with the polls and it's his set group of

0:45:54.560 --> 0:45:57.279
<v Speaker 2>people who are answering them. This is a way of

0:45:57.440 --> 0:46:00.880
<v Speaker 2>laundering his talking points and what he leaves about politics

0:46:00.880 --> 0:46:03.239
<v Speaker 2>into the mainstream media and disguise that as no, no,

0:46:03.280 --> 0:46:05.640
<v Speaker 2>this is just how the masses feel, right, this is

0:46:05.680 --> 0:46:08.480
<v Speaker 2>how the average American feels. This isn't just h l

0:46:08.560 --> 0:46:09.640
<v Speaker 2>Hunt's opinion.

0:46:09.320 --> 0:46:12.440
<v Speaker 3>Obviously, right, And then he can also present himself as

0:46:12.560 --> 0:46:14.520
<v Speaker 3>like I'm not getting anything out of this. I'm just

0:46:14.560 --> 0:46:17.319
<v Speaker 3>trying to inform people about how everything is going on.

0:46:17.600 --> 0:46:20.360
<v Speaker 2>He's just helping what Americans think, right, And this is

0:46:20.360 --> 0:46:22.840
<v Speaker 2>a major propaganda thing today. A lot of people do

0:46:22.920 --> 0:46:26.680
<v Speaker 2>this now. Hunt is very much like a trailblazer in this.

0:46:27.239 --> 0:46:29.600
<v Speaker 2>He made His thinking on how this worked very clear

0:46:29.640 --> 0:46:32.400
<v Speaker 2>in a pamphlet published by the Facts Forum. What you

0:46:32.480 --> 0:46:35.640
<v Speaker 2>believe in, say, is public opinion. Public opinion is a constant,

0:46:35.680 --> 0:46:38.480
<v Speaker 2>im mutable force which can be altered or changed only

0:46:38.520 --> 0:46:43.520
<v Speaker 2>by itself. I don't like him when you're literally writing

0:46:43.560 --> 0:46:48.759
<v Speaker 2>public opinion. Yeah. Interesting, So from the jump, the only

0:46:48.760 --> 0:46:51.640
<v Speaker 2>opinion Hunts interested in was his own. He is not

0:46:51.840 --> 0:46:54.360
<v Speaker 2>organizing with other conservatives because he's special.

0:46:55.000 --> 0:46:59.320
<v Speaker 3>Right, He's got the bestus ever, He's got all that

0:46:59.320 --> 0:47:01.400
<v Speaker 3>absolute milk.

0:47:03.239 --> 0:47:07.719
<v Speaker 2>Than you've got. But this is interesting. He's not like

0:47:07.960 --> 0:47:10.480
<v Speaker 2>you know a lot of like these modern conservative groups

0:47:10.480 --> 0:47:12.800
<v Speaker 2>are funded by multiple people, and you have like groups

0:47:12.840 --> 0:47:15.520
<v Speaker 2>coming together to fund these organizations that have their own

0:47:15.560 --> 0:47:18.040
<v Speaker 2>thinkers in them too, who have like their own and

0:47:18.080 --> 0:47:21.120
<v Speaker 2>they're all pushing an agenda. But it's like an agenda

0:47:21.200 --> 0:47:24.560
<v Speaker 2>that's a mix of multiple people like working together. Hunt's

0:47:24.560 --> 0:47:28.319
<v Speaker 2>propaganda is just Hunt. He does not talk to anyone else.

0:47:28.320 --> 0:47:30.799
<v Speaker 2>He doesn't organize with anyone else because he doesn't need to.

0:47:30.920 --> 0:47:34.600
<v Speaker 2>He hates people. Right, He is not interested in the

0:47:34.600 --> 0:47:37.600
<v Speaker 2>Facts Forum being a place where other conservatives can express

0:47:37.640 --> 0:47:41.680
<v Speaker 2>their opinions. Right, it exists, so hl Hunt can convince

0:47:41.880 --> 0:47:45.200
<v Speaker 2>Americans to adopt his politics because his belief, it's almost

0:47:45.200 --> 0:47:47.680
<v Speaker 2>a religious belief to him, is that he's so right

0:47:47.719 --> 0:47:50.759
<v Speaker 2>about everything that if everyone just hears what he believes,

0:47:51.040 --> 0:47:56.200
<v Speaker 2>everyone will adopt his political beliefs immediately. Obviously, the narcissism

0:47:56.360 --> 0:47:59.120
<v Speaker 2>now the only issue for Hunt, and the reason this

0:47:59.200 --> 0:48:01.879
<v Speaker 2>is a problem when he's starts creating radio and TV

0:48:02.000 --> 0:48:05.480
<v Speaker 2>propaganda is that he's terrified of public speaking. He hates

0:48:05.560 --> 0:48:08.759
<v Speaker 2>talking to people. He doesn't he has no charisma, and

0:48:08.800 --> 0:48:11.120
<v Speaker 2>he knows it. So he picks a spokesman.

0:48:12.400 --> 0:48:18.040
<v Speaker 1>Interesting, the man who apparently is so unbelievably fuckable right,

0:48:18.360 --> 0:48:19.640
<v Speaker 1>has no riz.

0:48:20.160 --> 0:48:22.160
<v Speaker 3>He can do. He can make up a sex worker,

0:48:22.360 --> 0:48:25.360
<v Speaker 3>do whatever, but God forbid, has to sell his ideas.

0:48:26.239 --> 0:48:28.320
<v Speaker 2>Can't convince Americans about his tax policies.

0:48:28.719 --> 0:48:32.919
<v Speaker 1>He's like, He's like, yeah, I'm a certified tex God

0:48:33.080 --> 0:48:34.920
<v Speaker 1>cannot put a sentence together.

0:48:34.880 --> 0:48:37.920
<v Speaker 2>Public cannot put a sentence together, can't talk in front

0:48:37.960 --> 0:48:38.279
<v Speaker 2>of a crowd.

0:48:38.360 --> 0:48:40.040
<v Speaker 3>I was like a helicopter while telling you about my

0:48:40.120 --> 0:48:41.879
<v Speaker 3>tax policy. It's just not gonna write.

0:48:42.080 --> 0:48:44.759
<v Speaker 2>I'll write it on my dick. Yeah, there you go.

0:48:46.239 --> 0:48:49.680
<v Speaker 2>So he picks a spokesman, Dan Smoot, and I don't

0:48:49.680 --> 0:48:52.080
<v Speaker 2>have time to do a BTV on Dan Smoot, but

0:48:52.160 --> 0:48:56.160
<v Speaker 2>he's he deserves one. Smoot was orphaned at ten years

0:48:56.160 --> 0:48:59.440
<v Speaker 2>old and then as a young adult is rejected by

0:48:59.440 --> 0:49:01.520
<v Speaker 2>the army for medical reasons at the start of World

0:49:01.520 --> 0:49:04.279
<v Speaker 2>War Two, and so he joins the FBI in order

0:49:04.320 --> 0:49:05.560
<v Speaker 2>to serve his country that way.

0:49:05.719 --> 0:49:07.080
<v Speaker 3>Yeah, there you go.

0:49:07.160 --> 0:49:09.759
<v Speaker 2>He's in the FBI until nineteen fifty one when he

0:49:09.840 --> 0:49:13.120
<v Speaker 2>resigns to work for Hunt. And What's Fair on.

0:49:13.080 --> 0:49:15.800
<v Speaker 1>The work Greasy Wheel would call a side bastard.

0:49:16.160 --> 0:49:21.440
<v Speaker 2>Yeah, he's definitely a sid. So in What's Fair on

0:49:21.480 --> 0:49:24.320
<v Speaker 2>the Air had the hindershot rights of Smoot. He was

0:49:24.360 --> 0:49:27.680
<v Speaker 2>willing to temper his arch conservatism by giving two sides

0:49:27.719 --> 0:49:30.239
<v Speaker 2>to the political issues discussed. So that's like a major thing.

0:49:30.280 --> 0:49:33.239
<v Speaker 2>Smoot has to be able to pretend to want to

0:49:33.320 --> 0:49:37.640
<v Speaker 2>discuss fairly what the other side believes. Now, his face

0:49:37.800 --> 0:49:41.160
<v Speaker 2>and his vote, it's always clear what he actually believes

0:49:41.200 --> 0:49:43.880
<v Speaker 2>and what he doesn't like saying. But as long as

0:49:43.920 --> 0:49:46.440
<v Speaker 2>he says it, that's all that matters. Now, these were

0:49:46.480 --> 0:49:49.240
<v Speaker 2>still the days in which the fairness doctrine held sway.

0:49:49.280 --> 0:49:52.560
<v Speaker 2>The fairness doctrine is a nineteen forty nine FCC policy

0:49:52.760 --> 0:49:56.520
<v Speaker 2>that required broadcast license holders to present controversial issues in

0:49:56.560 --> 0:50:01.280
<v Speaker 2>a matter that fairly depicted differing views. Individual shows didn't

0:50:01.280 --> 0:50:04.279
<v Speaker 2>have to abide by this, but license holders did. So

0:50:04.320 --> 0:50:06.239
<v Speaker 2>if you have a right wing show, you're supposed to

0:50:06.280 --> 0:50:09.319
<v Speaker 2>have like a left wing show too, right, And because

0:50:09.360 --> 0:50:13.040
<v Speaker 2>that's very expensive, networks are always looking for balanced news

0:50:13.040 --> 0:50:15.040
<v Speaker 2>programs to fill the air where you don't have to

0:50:15.080 --> 0:50:17.239
<v Speaker 2>have a second one to counteract the bias of the

0:50:17.280 --> 0:50:21.799
<v Speaker 2>first one. Right, So this is they're always desperate for

0:50:22.000 --> 0:50:25.600
<v Speaker 2>balanced content, and the fact that his Hunt is making

0:50:25.600 --> 0:50:28.759
<v Speaker 2>this and giving it to networks for free makes it

0:50:28.880 --> 0:50:31.680
<v Speaker 2>really attractive to them, like they're going to give it

0:50:31.880 --> 0:50:36.200
<v Speaker 2>free airtime because it's free. In nineteen fifty one, the

0:50:36.200 --> 0:50:39.040
<v Speaker 2>Facts Forum benefited from about five million per year in

0:50:39.160 --> 0:50:42.279
<v Speaker 2>free public service airtime. And again I think there's tax

0:50:42.280 --> 0:50:45.919
<v Speaker 2>benefits to the networks for running balanced educational content too,

0:50:45.960 --> 0:50:50.200
<v Speaker 2>so that's also makes this attractive to them. One estimate

0:50:50.200 --> 0:50:53.799
<v Speaker 2>I've seen is that in nineteen fifty four, Hunt benefited

0:50:53.840 --> 0:50:56.400
<v Speaker 2>from the modern day equivalent of half a billion dollars

0:50:56.440 --> 0:51:01.279
<v Speaker 2>a year in free airtime, which is the calculations that

0:51:01.320 --> 0:51:03.800
<v Speaker 2>in twenty sixteen, in that election Trump got about a

0:51:03.840 --> 0:51:06.759
<v Speaker 2>billion dollars in free airtime just in terms of like

0:51:06.800 --> 0:51:10.120
<v Speaker 2>because of how like many how much coverage the news

0:51:10.160 --> 0:51:13.040
<v Speaker 2>gave everything, he said, So the fact that Hunt's getting

0:51:13.520 --> 0:51:17.799
<v Speaker 2>half a billion a year for that for years is significant.

0:51:17.880 --> 0:51:20.880
<v Speaker 2>That's a lot of free airtime, right, It's about twenty

0:51:20.920 --> 0:51:23.360
<v Speaker 2>five thousand hours a free right wing propaganda on the

0:51:23.440 --> 0:51:28.760
<v Speaker 2>radio and TV per year that's marketed and billed as nonpartisan.

0:51:30.520 --> 0:51:34.000
<v Speaker 3>Interesting, he crossed fire energy. It's like we're just having

0:51:34.040 --> 0:51:34.799
<v Speaker 3>a conversation.

0:51:35.080 --> 0:51:40.480
<v Speaker 2>Yeah, he's invented Fox News. Yeah, yeah, yeah, yeah. His

0:51:40.680 --> 0:51:43.600
<v Speaker 2>shows all air on struggling networks that need free content,

0:51:43.600 --> 0:51:46.920
<v Speaker 2>which at that point meant the Mutual Radio Network and ABC.

0:51:47.440 --> 0:51:49.440
<v Speaker 2>This quote from What's Fair on the Air gives you

0:51:49.520 --> 0:51:53.680
<v Speaker 2>a good idea of how episodes of Facts Forum tend

0:51:53.719 --> 0:51:56.680
<v Speaker 2>to go. One episode of Facts for Him asked whether

0:51:56.680 --> 0:51:59.480
<v Speaker 2>those advocating the violent overthrow of the US government should

0:51:59.480 --> 0:52:01.839
<v Speaker 2>be subject to the death penalty. On the pro side,

0:52:01.880 --> 0:52:04.239
<v Speaker 2>the answer was yes, of course, such a conspiracy was

0:52:04.280 --> 0:52:06.880
<v Speaker 2>worse than murder. On the con side, the argument was

0:52:06.880 --> 0:52:10.879
<v Speaker 2>that such conspirators were only dupes or communist sympathizers. Dangerous, Yes,

0:52:10.920 --> 0:52:13.720
<v Speaker 2>but those were just misguided pawns whose civil rights should

0:52:13.719 --> 0:52:17.000
<v Speaker 2>be respected. Bus As one critic described it, a negative

0:52:17.120 --> 0:52:20.600
<v Speaker 2>argument against the death penalty for communist conspirators turns into

0:52:20.640 --> 0:52:24.000
<v Speaker 2>a positive affirmation that nation is in imminent danger of

0:52:24.040 --> 0:52:28.920
<v Speaker 2>collapse from subversion, a favorite Facts Forum thesis. Right. So,

0:52:29.040 --> 0:52:32.640
<v Speaker 2>that's how, even though they're kind of pretending that this

0:52:32.719 --> 0:52:37.080
<v Speaker 2>is non biased, everyone, even the left wing argument pushes

0:52:37.120 --> 0:52:40.600
<v Speaker 2>a right wing narrative. And there are critics who noticed

0:52:40.600 --> 0:52:43.560
<v Speaker 2>this at the time. In nineteen fifty four, bin Bagdikian,

0:52:43.880 --> 0:52:46.600
<v Speaker 2>which is a real name, wrote a takedown of the

0:52:46.680 --> 0:52:50.720
<v Speaker 2>Facts Forum, Yeah, complaining that when it used the terms

0:52:50.800 --> 0:52:55.000
<v Speaker 2>pro Soviet and Unamerican, it meant quote. Those terms include

0:52:55.000 --> 0:52:58.000
<v Speaker 2>the Roosevelt and Truman administrations and the people who supported them,

0:52:58.280 --> 0:53:03.080
<v Speaker 2>Right so, Yeah, and when it refers to American freedom,

0:53:03.320 --> 0:53:06.040
<v Speaker 2>the show means, among other things, a total absence of

0:53:06.080 --> 0:53:09.640
<v Speaker 2>government regulation in business and a withdrawal from the United Nations.

0:53:10.000 --> 0:53:13.080
<v Speaker 2>They're referring to. These things is things everyone believes and

0:53:13.480 --> 0:53:19.880
<v Speaker 2>believes and agrees with, even though they're very much not right. Yeah,

0:53:19.920 --> 0:53:24.480
<v Speaker 2>And we'll talk more about these his shows, the Facts Forum,

0:53:24.520 --> 0:53:28.000
<v Speaker 2>the shows that follow that, and Hunt's bizarre personal life

0:53:28.000 --> 0:53:30.520
<v Speaker 2>and the things he comes to believe about health and wellness.

0:53:30.600 --> 0:53:33.359
<v Speaker 2>But I think that's all we've got for part two,

0:53:33.520 --> 0:53:38.840
<v Speaker 2>so I'm guessing it's gonna have to be a three parter. Princess,

0:53:38.920 --> 0:53:40.279
<v Speaker 2>how are you feeling at the end of this?

0:53:40.880 --> 0:53:44.239
<v Speaker 3>I'm so ready. I want to know more about this guy.

0:53:44.520 --> 0:53:47.440
<v Speaker 3>I feel like I'm watching the origin of so much evil.

0:53:48.200 --> 0:53:55.680
<v Speaker 2>Yes, well, good stuff, everybody, good stuff. So that's that's it, everybody,

0:53:55.760 --> 0:53:58.960
<v Speaker 2>We're done for the day. Why don't you go? And uh,

0:53:59.160 --> 0:54:04.800
<v Speaker 2>I don't know. Love yourself, touch grass, love yourself, love me, love.

0:54:04.680 --> 0:54:09.120
<v Speaker 3>Someone else, love your two families, yeah or four.

0:54:12.960 --> 0:54:15.600
<v Speaker 1>Behind the Bastards is a production of cool Zone Media.

0:54:15.719 --> 0:54:18.919
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0:54:18.960 --> 0:54:21.640
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0:54:21.680 --> 0:54:26.040
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